| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
NET LOSS | |||||||||
1,219 | 11,440 | 12,065 | 6,184 | 13,305 | 16,366 | - | - | - | 6,708 |
Net income | |||||||||
- | - | - | - | - | - | 10,738 | 12,802 | 9,647 | - |
Adjustments to reconcile net loss to cash provided by operating activities: | |||||||||
Intangible asset impairment loss | |||||||||
- | 1,086 | - | - | - | - | - | - | - | - |
Depreciation and amortization | |||||||||
8,239 | 6,664 | 7,015 | 7,915 | 8,495 | 7,532 | 6,468 | 4,961 | 3,776 | -2,342 |
Loss from sale of property and equipment | |||||||||
-9 | -108 | -24 | -41 | 28 | 0 | - | - | - | - |
Provision of bad debt allowance | |||||||||
1,062 | 660 | 1,223 | 1,976 | 503 | 1,789 | 0 | - | - | - |
Provision for obsolete inventories | |||||||||
2,804 | 3,324 | 4,624 | 7,111 | 3,690 | 4,967 | 8,043 | 3,143 | 273 | - |
Change in fair value of derivative liability | |||||||||
- | - | - | - | - | - | 294 | 96 | 216 | -1,021 |
Deferred income tax | |||||||||
-1,472 | -1,370 | -1,530 | 477 | -708 | -3,471 | 4,164 | 629 | 1,332 | -705 |
Interest on loans from related party | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Stock issued for services | |||||||||
- | - | - | - | - | - | - | - | - | -26 |
Stock based compensation | |||||||||
12 | 7 | 18 | 5 | 10 | 15 | 19 | 19 | 19 | -71 |
Changes in operating assets and liabilities | |||||||||
Gain on sale of investment | |||||||||
- | - | - | - | - | - | - | - | - | -349 |
Accounts receivable | |||||||||
-6,652 | 9,893 | 11,204 | -13,402 | 491 | 13,850 | 9,590 | 17,532 | 12,982 | -22,652 |
Inventories | |||||||||
5,145 | 16,462 | 7,919 | -14,630 | 12,261 | 511 | 35,405 | 12,043 | 8,704 | -13,047 |
Value added tax receivable | |||||||||
-1,077 | -1,016 | 600 | 398 | 187 | 95 | -337 | 942 | 88 | -975 |
Other receivables and prepaid expenses | |||||||||
-2,394 | 5,659 | 1,136 | -779 | 524 | 1,767 | 69 | 622 | 26 | -266 |
Advances on inventory purchases | |||||||||
3,395 | 3,698 | -307 | -2,773 | 2,582 | -2,055 | 2,041 | 1,557 | 14 | -1,759 |
Amounts due from related parties | |||||||||
-67 | 2,761 | 592 | -1,830 | - | - | - | - | - | - |
Accounts payable | |||||||||
-2,305 | 8,485 | 11,489 | -4,042 | - | - | - | - | - | - |
Amounts due from related parties | |||||||||
- | - | - | - | 1,359 | -240 | 2,714 | -16,305 | 6,725 | - |
Amounts due from related parties | |||||||||
- | - | - | - | - | - | - | - | - | -3,087 |
Accounts payable | |||||||||
- | - | - | - | 10,836 | -13,459 | 21,202 | 8,003 | 8,779 | -15,888 |
Accounts payable and other payables- related parties | |||||||||
176 | 6,275 | 351 | 953 | -1,829 | -1,285 | 917 | 415 | 813 | -1,035 |
Advances from customers | |||||||||
- | - | - | - | - | - | - | - | - | 1,119 |
Other payables and accrued liabilities | |||||||||
-4,052 | 5,604 | 460 | -6,058 | 2,460 | 4,897 | 5,161 | 4,386 | 2,445 | -74 |
Value added and other taxes payable | |||||||||
-2,948 | -2,210 | 567 | -1,372 | 1,030 | 838 | 1,072 | 1,901 | 1,195 | -1,002 |
Income tax payable | |||||||||
-409 | -54 | -238 | -2,039 | -1,230 | 5,061 | -506 | 580 | 48 | -297 |
Net cash provided by operating activities | |||||||||
3,985 | 2,562 | 14,924 | 44,167 | 19,130 | 9,322 | 7,505 | 20,354 | -425 | -7,711 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Purchase of property and equipment | |||||||||
8,675 | 12,182 | 8,564 | 11,016 | 11,385 | 9,477 | 8,181 | 7,649 | 3,892 | 1,984 |
Proceeds from sale of property and equipment | |||||||||
- | - | - | - | 67 | 161 | 46 | 0 | - | - |
Purchase of land use rights | |||||||||
- | - | - | - | 1,475 | 1,314 | - | - | - | - |
Acquisition of Yiduo net of cash acquired | |||||||||
- | - | - | - | 690 | 0 | - | - | - | - |
Proceeds from sale of cost investment | |||||||||
- | - | - | - | - | - | - | - | - | 1,828 |
Payment for acquisition of noncontrolling interest | |||||||||
- | - | - | - | - | - | - | - | - | 914 |
Proceeds from sale of property and equipment | |||||||||
- | - | - | - | - | - | - | - | - | 30 |
Net cash provided by (used in) investing activities | |||||||||
-8,675 | -12,182 | -8,564 | -11,016 | -13,483 | -10,630 | -8,134 | -7,649 | -3,892 | -1,039 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Proceeds from bank loans | |||||||||
59,528 | 64,006 | 62,693 | 102,519 | 136,910 | 138,413 | 116,023 | 78,588 | 65,322 | 36,194 |
Repayment of bank loans | |||||||||
58,665 | 70,513 | 56,296 | 115,839 | 149,791 | 131,173 | 111,240 | 61,088 | 55,143 | 25,824 |
Interest income received from related party | |||||||||
- | - | - | - | 0 | 1,302 | 0 | - | - | - |
Repayment of counter guarantee from related party | |||||||||
13,163 | 6,657 | 9,280 | - | - | - | - | - | - | - |
Repayment of payable to officers and employees | |||||||||
- | - | - | - | - | - | 2,387 | - | - | - |
Repayment of loans from related party | |||||||||
- | - | - | -4,816 | -2,405 | 4,358 | -26,552 | - | 1,000 | 1,650 |
Repayment of payable to officers and employees | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Cash received from related party to repay amounts under counter-guarantee agreement (Note 13) | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Advances to related party | |||||||||
8,381 | 8,428 | 7,119 | 1,204 | 4,873 | 5,044 | 10,335 | 32,130 | 0 | - |
Interest income received from related party | |||||||||
472 | 2,997 | - | 1,956 | - | - | - | 2,340 | 0 | - |
Net cash provided by (used in) financing activities | |||||||||
6,117 | -5,281 | 8,558 | -7,752 | -15,349 | 7,856 | 18,611 | -12,290 | 9,177 | 8,719 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | |||||||||
2,316 | -963 | 2,670 | -2,813 | - | - | - | - | - | - |
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | |||||||||
3,743 | -15,864 | 17,588 | 22,586 | -11,432 | 6,361 | 18,406 | 543 | 5,130 | 135 |
Reconciliation of cash, cash equivalents and restricted cash reported within their consolidated balance sheets: | |||||||||
Cash and Cash Equivalents | |||||||||
48,551 | 47,012 | - | - | -1,730 | -186 | 424 | 128 | 271 | 167 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||||||||
Cash paid during the period for: | |||||||||
Accrued interest income on amounts due from related party under counter-guarantee agreement (Note 13) | |||||||||
- | - | - | - | - | - | - | 1,262 | - | - |
Accrued interest income on amounts due from related party under counter guarantee agreement (Note 12) | |||||||||
- | - | 818 | 795 | 888 | 1,075 | 1,032 | - | - | - |
Interest | |||||||||
1,222 | 1,755 | 1,648 | 1,997 | - | - | - | - | - | - |
Interest | |||||||||
- | - | - | - | 2,627 | 3,269 | 3,005 | 2,103 | 1,445 | 377 |
Income taxes | |||||||||
6,327 | 6,350 | 6,247 | 6,987 | 6,993 | 3,905 | 2,725 | 876 | 701 | 161 |
Increase in intangible assets and non-controlling interests | |||||||||
- | - | - | - | 233 | 0 | - | - | - | - |