| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net income (loss) | ||||||
-996 | 164 | |||||
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
57 | 38 | |||||
Loss on disposal of equipment | ||||||
-0 | 0 | |||||
Deferred tax provision (benefit) | ||||||
-282 | 25 | |||||
Amortization of stock compensation expenses for services | ||||||
488 | 0 | |||||
Change in operating assets and liabilities | ||||||
Other receivables | ||||||
208 | 38 | |||||
Prepaid expenses | ||||||
1,184 | 1,518 | |||||
Security deposits | ||||||
55 | 0 | |||||
Accounts payable | ||||||
0 | -13 | |||||
Other payables and accrued liabilities | ||||||
238 | 162 | |||||
Deferred revenues | ||||||
-13 | 13 | |||||
Deferred rent liabilities | ||||||
-13 | -13 | |||||
Taxes payable | ||||||
-50 | 85 | |||||
Net cash used in operating activities | ||||||
-1,908 | -1,092 | |||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Purchases of property and equipment | ||||||
49 | 108 | |||||
Cash acquired through variable interest entity | ||||||
17 | 0 | |||||
Net cash used in investing activities | ||||||
-31 | -108 | |||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Prepaid IPO costs | ||||||
389 | 0 | |||||
Capital contribution | ||||||
0 | 8,044 | |||||
Net cash (used in) provided by financing activities | ||||||
-389 | 8,044 | |||||
EFFECT OF EXCHANGE RATE ON CASH | ||||||
407 | -139 | |||||
INCREASE/(DECREASE) IN CASH | ||||||
-1,922 | 6,704 | |||||
SUPPLEMENTAL CASH FLOW INFORMATION: | ||||||
Cash paid for income tax | ||||||
10 | 0 | |||||
Cash paid for interest | ||||||
0 | 0 | |||||
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES | ||||||
Capital contribution on shares subscription receivables | ||||||
0 | 45 | |||||
Noncontrolling interests acquired and contributed by shareholders | ||||||
348 | 0 | |||||
Issuance of ordinary shares to service providers for IPO services | ||||||
2,000 | 0 | |||||
Issuance of ordinary shares to service providers for consulting services | ||||||
2,030 | 0 | |||||