| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||
Net (loss) income | ||||||||
-10,218 | 10,159 | -13,097 | -15,068 | -2,971 | -1,845 | 29,810 | 28,658 | 2,386 |
Net income from operations disposed | ||||||||
3,837 | 381 | 596 | 567 | - | - | - | - | - |
Net (loss) income from continuing operations | ||||||||
-14,055 | 9,778 | -13,693 | -15,635 | - | - | - | - | - |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||
Loss on disposal of property, plant and equipment | ||||||||
- | - | - | - | - | -344 | 44 | 479 | -125 |
Loss on disposal of intangible assets | ||||||||
- | - | - | - | - | -94 | - | - | - |
Gain from disposal of other asset | ||||||||
- | - | - | - | - | - | 903 | - | - |
Impairment of goodwill | ||||||||
- | - | - | - | 1,242 | - | 606 | 0 | - |
Impairment of long-lived assets | ||||||||
1,750 | 0 | 0 | 2,910 | 3,625 | 3,833 | - | - | - |
Amortization of acquired intangible assets | ||||||||
2,122 | 4,234 | 3,744 | 2,696 | 2,337 | 2,140 | 486 | 616 | 377 |
Amortization of land use rights | ||||||||
54 | 46 | 48 | 48 | 223 | 217 | 134 | 0 | - |
Amortization of deferred financing costs | ||||||||
78 | 387 | 263 | - | - | - | - | - | - |
Inventory provision | ||||||||
- | - | 7,254 | 1,643 | 1,475 | 3,142 | 10,504 | 2,186 | 409 |
Warranty provision | ||||||||
71 | -13 | 51 | -28 | -94 | -47 | 246 | 341 | 365 |
Provisions for doubtful accounts | ||||||||
3,855 | 1,251 | 474 | 64 | - | - | 10,256 | 8,204 | 2,081 |
(Reversal) accrual of allowance for doubtful accounts | ||||||||
- | - | - | - | -319 | -1,606 | - | - | - |
Depreciation | ||||||||
2,537 | 3,436 | 3,532 | 2,507 | 3,645 | 3,615 | 3,160 | 2,769 | 4,213 |
Change in fair value of put option | ||||||||
-6,510 | -210 | -210 | -210 | -150 | -150 | -150 | -123 | -84 |
Share-based compensation | ||||||||
- | - | - | 753 | 1,246 | 1,170 | 2,172 | 1 | 20 |
Other operating income-net gain from the sale of real estate | ||||||||
- | 14,939 | - | - | - | - | - | - | - |
Change in fair value of derivatives associated with convertible notes | ||||||||
- | - | - | - | - | - | - | 1,280 | -5,270 |
Amortization of convertible notes interest | ||||||||
- | - | - | - | - | - | - | 1 | - |
Deferred tax | ||||||||
- | - | - | - | - | 104 | -81 | -193 | - |
Changes in operating assets and liabilities: | ||||||||
Loss on issuance of convertible notes | ||||||||
- | - | - | - | - | - | - | - | -3,176 |
Accounts receivable | ||||||||
-17,140 | 8,026 | 15,419 | -8,802 | 8,210 | 250 | -10,757 | 3,356 | -2,385 |
Amount due from a related party | ||||||||
1,692 | 929 | 68 | - | - | - | - | - | - |
Notes receivable | ||||||||
- | - | -424 | 432 | - | - | - | - | -85 |
Inventories | ||||||||
-4,571 | 1,827 | 488 | -1,527 | 7,251 | 2,574 | 158 | -5,104 | -14,417 |
Prepaid expenses and other current assets | ||||||||
-17,422 | 11,667 | 8,667 | 19,183 | -5,584 | 2,995 | 2,750 | -8,927 | 2,498 |
Other long-term prepaid expenses | ||||||||
1,861 | - | - | - | - | - | - | - | - |
Deferred tax assets | ||||||||
- | - | - | - | - | - | - | - | -132 |
Payment for purchase of land use right | ||||||||
- | - | - | 1,947 | - | - | 10,889 | - | - |
Accounts payable | ||||||||
-4,510 | -2,839 | -5,489 | 1,485 | 2,742 | 2,231 | 534 | -2,915 | 1,140 |
Notes payable | ||||||||
-5,920 | 6,024 | -9,550 | 9,737 | - | - | - | - | - |
Amount due to a related party | ||||||||
- | - | -176 | 179 | - | - | - | - | - |
Accrued expenses and other current liabilities | ||||||||
-3,571 | 7,914 | -3,687 | 964 | 875 | -8,677 | 8,547 | 743 | -406 |
Advance from customers | ||||||||
-2,064 | 1,375 | 599 | -803 | 175 | 610 | 739 | 2,730 | -540 |
Deferred revenue | ||||||||
-2,854 | -1,841 | -1,941 | 5,966 | -438 | 3,908 | -84 | -464 | -993 |
Income tax payable | ||||||||
- | -106 | 649 | 204 | -825 | -698 | -1,486 | 2,013 | 1,013 |
Net cash provided by (used in) operating activities from discontinued operations | ||||||||
- | -395 | 7,924 | -251 | - | - | - | - | - |
Net cash (used in) provided by operating activities | ||||||||
19,441 | -7,901 | -34,108 | 1,472 | 3,399 | 2,960 | 61,214 | 53,729 | 33,241 |
Purchase of property, plant and equipment | ||||||||
40,821 | 2,118 | 57,229 | 49,926 | 9,873 | 15,690 | 25,965 | 3,888 | 865 |
Proceeds from sale of property, plant and equipment | ||||||||
- | - | - | - | - | - | 45 | 57 | 47 |
Purchase of intangible assets | ||||||||
597 | 1,720 | 5,846 | 9,135 | 3,083 | 5,820 | - | 334 | 490 |
Amount received for the sale of property | ||||||||
- | 10,710 | 12,907 | - | 1,632 | - | - | - | - |
Disposal of land use right | ||||||||
- | - | 1,649 | - | - | - | - | - | - |
(Increased) decreased in restricted cash | ||||||||
-2,960 | 3,012 | -4,775 | 4,869 | - | - | - | - | -162 |
Loan to third party | ||||||||
51,799 | - | - | - | - | - | - | - | - |
Disposal of a subsidiary | ||||||||
- | - | 3,770 | - | - | - | - | - | - |
Net cash (used in) provided by investing activities from discontinued operations | ||||||||
65,093 | 11,139 | -90,175 | -33,433 | - | - | - | - | - |
Cash acquired from business acquisition of Citylead, net of cash consideration paid of $500 | ||||||||
- | - | - | - | - | - | - | 10,683 | - |
Deposit received for disposal of other asset (Note 19) | ||||||||
- | - | - | - | - | - | - | 2,773 | - |
Net cash (used in) provided by investing activities | ||||||||
-25,164 | 14,999 | -130,149 | -97,363 | -11,324 | -21,510 | -25,920 | 9,291 | -1,146 |
Financing activities: | ||||||||
Capital repayment to a noncontrolling shareholder | ||||||||
- | - | 8,120 | 3,197 | 8,120 | 7,881 | 6,403 | - | 9,838 |
Proceeds from issuance of convertible notes, net of issuance cost paid of $250 | ||||||||
- | - | - | - | - | - | - | - | 9,750 |
Proceeds from a long-term loan | ||||||||
- | 12,877 | - | 4,869 | - | - | - | 290 | - |
Proceeds from short-term loans | ||||||||
3,604 | 15,738 | 20,251 | 487 | - | 15,350 | - | - | - |
Repayment to a long-term loan | ||||||||
666 | 753 | 1,592 | 812 | - | - | - | - | - |
Repayment to short-term loans | ||||||||
7,400 | 28,586 | 14,728 | 1,100 | - | - | - | - | - |
Net cash used in financing activities | ||||||||
-4,462 | -724 | -4,189 | 6,641 | 8,120 | 23,231 | 6,403 | 290 | 19,389 |
Repurchase of ordinary shares | ||||||||
- | - | - | - | - | - | - | - | 199 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
4,557 | -525 | -2,000 | -5,439 | 7,504 | 2,632 | 10,404 | 4,682 | 134 |
Net (decrease) increase in cash and cash equivalents | ||||||||
-5,628 | 5,849 | -170,446 | -94,689 | 7,699 | 7,313 | 52,101 | 67,992 | 51,618 |
Supplemental cash flow information: | ||||||||
Cash paid during the year for: | ||||||||
Income taxes | ||||||||
- | 106 | 301 | 234 | 2,970 | 6,228 | 11,024 | 7,860 | 2,499 |
Interest expense | ||||||||
1,053 | 1,556 | 1,897 | 211 | - | - | - | 26 | 25 |
Non-cash investing and financing activities: | ||||||||
Interest expenses payable | ||||||||
661 | 40 | 20 | 407 | 115 | - | - | - | - |
Payable for property, plant and equipment | ||||||||
564 | 6,303 | 7,455 | 1,871 | 4,973 | - | - | - | - |
Payable for intangible assets | ||||||||
847 | - | 1,590 | 768 | 1,497 | - | - | - | - |
Receivables from disposal of a real estate | ||||||||
- | 447 | - | - | - | - | 1,193 | - | - |
Share consideration issued in connection with the acquisition of Citylead (Note 3) | ||||||||
- | - | - | - | - | - | - | 12,835 | - |
Conversion of the convertible notes (Note 15) | ||||||||
- | - | - | - | - | - | - | 16,750 | - |
Capital contribution receivable from a noncontrolling shareholder | ||||||||
- | - | - | - | 54 | 53 | 5,027 | - | - |
Receivables from disposal of a subsidiary | ||||||||
66,722 | - | - | - | - | - | - | - | - |
Other payable offset with proceeds from sales of property | ||||||||
- | 12,156 | - | - | - | - | - | - | - |