| Dec'19 | Dec'18 | Nov'18 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
NET INCOME | ||||||
5,087 | 6,623 | -66 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
2,298 | 1,581 | - | ||||
Loss on disposal of property and equipment | ||||||
-252 | -7 | - | ||||
Increase in allowance for doubtful accounts | ||||||
148 | 296 | - | ||||
Increase in allowance for notes receivable | ||||||
160 | 31 | - | ||||
Increase in provision for inventory | ||||||
22 | 163 | - | ||||
Deferred tax assets | ||||||
-55 | 76 | - | ||||
Change in value of deferred underwriting fee payable | ||||||
- | - | -1 | ||||
Interest income | ||||||
- | - | 315 | ||||
Unrealized loss on marketable securities held in Trust Account | ||||||
- | - | -8 | ||||
Changes in operating assets and liabilities: | ||||||
Increase (Decrease) In: | ||||||
Accounts receivable | ||||||
2,131 | 2,737 | - | ||||
Notes receivable | ||||||
79 | 385 | - | ||||
Inventories | ||||||
-2,230 | 4,143 | - | ||||
Advance to suppliers | ||||||
18 | -23 | - | ||||
Other current and noncurrent assets | ||||||
4 | -2,100 | - | ||||
Increase (Decrease) In: | ||||||
Accounts payable | ||||||
-16 | 709 | - | ||||
Customer deposits | ||||||
-65 | 469 | - | ||||
Other current liabilities | ||||||
-1,645 | -216 | - | ||||
Income tax payable | ||||||
-141 | -790 | - | ||||
Due to related parties | ||||||
1,819 | 142 | - | ||||
Other long-term liabilities | ||||||
219 | 260 | - | ||||
Prepaid expenses and other current assets | ||||||
- | - | 84 | ||||
Accounts payable and accrued expenses | ||||||
- | - | 31 | ||||
NET CASH PROVIDED BY OPERATING ACTIVITES | ||||||
7,999 | 3,056 | -426 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Purchases of plant and equipment | ||||||
1,284 | 6,687 | - | ||||
Proceeds from government grants for construction | ||||||
-633 | -706 | - | ||||
Proceeds from sale of property, plant and equipment | ||||||
90 | 3 | - | ||||
Purchases of construction-in-progress | ||||||
908 | - | - | ||||
Purchases of land use rights and other intangible assets | ||||||
131 | - | - | ||||
Investment of cash in Trust Account | ||||||
- | - | 44,000 | ||||
NET CASH PROVIDED BY INVESTING ACTIVITES | ||||||
-1,600 | -5,977 | -44,000 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from short-term bank loans | ||||||
38,674 | 20,299 | - | ||||
Repayments of short-term bank loans | ||||||
41,144 | 18,037 | - | ||||
Repayments of long-term bank loans | ||||||
6,527 | 301 | - | ||||
Notes payable | ||||||
-1,813 | 1,967 | - | ||||
Proceeds from related parties | ||||||
2,900 | 2,411 | - | ||||
Proceeds from issuance of founder shares to Sponsor | ||||||
- | - | 25 | ||||
Advance from related party | ||||||
- | - | 227 | ||||
Repayment of loans from related parties | ||||||
5,428 | 2,411 | 227 | ||||
Repayment of loans from third parties | ||||||
2,900 | 4,085 | - | ||||
Dividend paid | ||||||
159 | - | - | ||||
Proceeds received from financing lease obligation | ||||||
5,209 | - | - | ||||
Deposits for the financing lease obligation | ||||||
805 | - | - | ||||
Payment of principal on financing lease obligation | ||||||
575 | - | - | ||||
Reverse capitalization | ||||||
2,925 | - | - | ||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
- | - | 42,680 | ||||
Proceeds from sale of Private Units | ||||||
- | - | 2,820 | ||||
Proceeds from issuance of unit purchase option | ||||||
- | - | 0 | ||||
Payment of offering costs | ||||||
- | - | 454 | ||||
NET CASH USED IN FINANCING ACTIVITES | ||||||
-9,644 | -157 | 45,070 | ||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | ||||||
-3,245 | -3,079 | 644 | ||||
Effect of exchange rate changes on cash | ||||||
-5 | 160 | - | ||||
Supplemental Disclosure Of Cash Flow Information | ||||||
Income taxes paid | ||||||
791 | 2,645 | - | ||||
Interest paid | ||||||
2,223 | 1,769 | - | ||||
Initial classification of ordinary shares subject to redemption | ||||||
- | - | 39,084 | ||||
Initial classification of deferred underwriting fee payable | ||||||
- | - | 978 | ||||
Change in value of ordinary shares subject to possible redemption | ||||||
- | - | -58 | ||||