| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
Net income (loss) | ||||||||
- | - | - | - | - | 13,169 | 19,182 | 14,131 | 22,972 |
Net loss | ||||||||
-169,997 | -102,583 | -5,419 | 3,646 | 8,630 | - | - | - | - |
Adjustments to reconcile net loss to net cash provided by operating activities | ||||||||
Depreciation and amortization | ||||||||
- | 674 | 5,426 | 7,617 | 5,597 | 5,169 | 4,596 | 3,552 | 2,393 |
Deferred income tax assets | ||||||||
- | 3,566 | -1,240 | - | - | - | - | - | - |
Loss on disposal of properties and equipment | ||||||||
- | - | - | - | - | - | - | 142 | - |
Changes in fair value of warrant liabilities | ||||||||
- | - | - | - | - | - | - | - | -2,103 |
Loss on dispose of properties and equipment | ||||||||
- | - | - | - | - | - | - | - | 0 |
Deferred income tax assets | ||||||||
- | - | - | 1,410 | -874 | -445 | 83 | -174 | 0 |
Bad debt provision | ||||||||
16,314 | 5,583 | 3,070 | 2,531 | 676 | 160 | 0 | - | - |
Inventory markdown | ||||||||
2,464 | 1,868 | 0 | 32 | 32 | 243 | 0 | - | - |
Impairment loss | ||||||||
178,296 | 89,685 | 3,203 | - | - | - | - | - | - |
Impairment loss | ||||||||
- | - | - | 2,383 | 0 | - | - | - | - |
Gain on sale of assets | ||||||||
- | - | - | 126 | 0 | - | - | - | - |
Changes in operating assets and liabilities | ||||||||
Accounts receivable | ||||||||
17,082 | -9,830 | -35,449 | -11,841 | 33,012 | -16,203 | 13,290 | 11,932 | 17,241 |
Other receivable | ||||||||
12,939 | -8,292 | 29,268 | -20,687 | -201 | 361 | 8 | 1,113 | 1,015 |
Advances to suppliers and other current assets | ||||||||
-2,805 | 56,622 | 56,580 | 3,537 | -2,077 | 1,205 | 4 | -34 | -1,494 |
Inventories | ||||||||
4,246 | 943 | -190 | -426 | -213 | -2,829 | 1,131 | -419 | 334 |
Accounts payable | ||||||||
-223 | -5,220 | 8,114 | 55,414 | 14,820 | -11,096 | 11,370 | -623 | 654 |
Accrued expenses | ||||||||
-779 | 72,460 | 2,038 | -85 | 5,985 | 1,880 | -2,648 | -382 | -2,025 |
Short-term notes payable | ||||||||
- | - | - | - | - | - | - | - | 492 |
Income tax payable | ||||||||
- | -3,590 | 937 | 2,094 | -284 | -1,451 | 1,206 | -2,609 | 1,652 |
Advances from customers | ||||||||
504 | 655 | -358 | -75 | 113 | -187 | 349 | -411 | -457 |
Net cash provided by (used in) operating activities | ||||||||
-4,880 | 23,656 | -34,435 | 104,262 | 4,176 | 24,907 | 19,703 | 25,977 | 10,689 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
Additions to property, plant and equipment | ||||||||
- | - | 8,730 | 279 | 15,383 | 12,616 | 7,034 | 7,791 | 7,697 |
Prepayment for other assets | ||||||||
- | - | 2,977 | 20,530 | 2 | - | - | - | - |
Purchase of intangible | ||||||||
- | - | 9,329 | 0 | - | - | - | - | - |
Payments for deposit on land use right | ||||||||
- | - | - | - | - | 36,733 | 1,205 | - | - |
Additions to land use right | ||||||||
- | - | - | - | - | - | - | 0 | - |
Prepayments for deposit on equipment | ||||||||
- | - | - | 0 | 25,222 | 10,659 | 511 | 5,147 | 293 |
Net cash used in investing activities | ||||||||
- | - | -21,036 | -20,810 | -40,607 | -60,008 | -8,751 | -12,939 | -7,990 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Issue of common stock | ||||||||
155 | 3,337 | 17,355 | 0 | - | - | - | - | 27,014 |
Reverse split of common stock | ||||||||
- | - | -40,884 | 0 | - | - | - | - | - |
Decrease (Increased) in restricted cash | ||||||||
- | - | -2,994 | -3,239 | - | - | - | - | - |
Proceeds from short-term notes | ||||||||
- | - | - | -8,098 | - | - | - | - | - |
Dividend paid to non-controlling interest | ||||||||
- | - | - | - | 4,411 | - | - | - | - |
Dividend paid to non-controlling interest | ||||||||
- | - | - | - | - | 0 | - | - | - |
Decrease (Increased) in restricted cash | ||||||||
- | - | - | - | -651 | 7,104 | -315 | 208 | 505 |
Repayment of short-term bank loans | ||||||||
- | - | - | - | 2,604 | 6,739 | 1,138 | 8,433 | 17,966 |
Proceeds from related party | ||||||||
- | - | -8,269 | - | - | 0 | - | - | - |
Proceed of related party loans | ||||||||
- | - | - | -306 | 0 | 8,024 | 0 | - | - |
Procceds from short-term notes | ||||||||
- | - | - | - | - | 10,656 | -284 | -239 | - |
Proceeds from short-term notes | ||||||||
- | - | - | -828 | 17,319 | 17,178 | 6,336 | 4,235 | 22,480 |
(Repayment) proceed of related party loans | ||||||||
- | - | - | 61,667 | 65 | - | - | - | - |
Proceeds from short-term bank loans | ||||||||
- | 23,242 | 2,078 | - | - | - | - | - | - |
Proceeds (repayments) long term debt | ||||||||
- | - | -1,202 | 0 | - | - | - | - | - |
Payment for capital lease | ||||||||
- | - | 7,982 | - | - | - | - | - | - |
Repayment of short-term bank loans | ||||||||
- | - | - | -7,249 | 11,643 | - | - | - | - |
Payment for security deposit of capital lease | ||||||||
- | - | - | - | 0 | - | - | - | - |
Payment for capital lease | ||||||||
- | - | - | 0 | 4,410 | 0 | - | - | - |
Net cash provided by financing activities | ||||||||
155 | -19,905 | -24,102 | -60,411 | -5,164 | 22,016 | 5,229 | -3,989 | 31,022 |
Effect of change in exchange rate | ||||||||
390 | -308 | 30,711 | 1,835 | -162 | 2,413 | 223 | 2,755 | 1,224 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||||
-4,333 | 3,443 | -48,863 | 24,876 | - | - | - | - | 34,945 |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | ||||||||
- | - | - | - | -41,758 | -10,671 | 16,406 | 11,803 | - |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||||||||
Cash paid for interest | ||||||||
- | 796 | - | - | - | - | - | - | - |
Cash paid for interest | ||||||||
- | - | 833 | 3,885 | 4,547 | 1,239 | 888 | 849 | 801 |
Cash paid for income taxes | ||||||||
- | - | 2,707 | 4,267 | 4,621 | - | - | - | - |
Cash paid for income taxes | ||||||||
- | 266 | - | - | - | 6,536 | 5,556 | 7,853 | 6,885 |
SUPPLEMENTARY DISCLOSURE OF SIGNIFICANT NON-CASH TRANSACTION | ||||||||
Change in fair value of warrant liability | ||||||||
- | - | - | - | - | - | - | - | -2,103 |
Transferred from other assets to property, plant and equipment and construction in process | ||||||||
- | - | 60,838 | 0 | 5,933 | 355 | 5,221 | 1,687 | 3,416 |
Equipment acquired by capital lease | ||||||||
- | - | 0 | 0 | 21,000 | 0 | - | - | - |