| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||
NET LOSS | ||||||||||
-25,800 | -69,963 | 7,953 | 36,225 | 34,068 | 17,871 | 20,967 | 14,995 | 30,952 | 51,283 | 30,591 |
Adjustments to reconcile net loss to net cash provided (used by) operating activities: | ||||||||||
Interest on capital lease obligation | ||||||||||
144 | 159 | 163 | 174 | 193 | 202 | 207 | 209 | 210 | - | - |
Amortization of prepaid land leases | ||||||||||
0 | 761 | 982 | 774 | 774 | 680 | 660 | 493 | 424 | 104 | 57 |
Depreciation and amortization | ||||||||||
- | - | 20,197 | 24,880 | 29,095 | 27,642 | 27,460 | 23,317 | 17,697 | 11,097 | 7,199 |
Depreciation and amortization | ||||||||||
14,060 | 17,443 | - | - | - | - | - | - | - | - | - |
Allowance for obsolete and slow-moving inventories | ||||||||||
0 | 21 | 43 | -12 | 9 | -3 | -21 | 13 | 8 | - | - |
Gain on relocation of factory | ||||||||||
- | - | - | - | - | - | 2,501 | 0 | - | - | - |
Demolition expenditure net off against gain on relocation of factory | ||||||||||
- | - | - | - | - | - | -1,059 | 0 | - | - | - |
Allowance/(Reversal of allowance) for obsolete and slow-moving inventories | ||||||||||
- | - | - | - | - | - | - | - | - | 1 | -9 |
Write-off/impairment on property, plant and equipment | ||||||||||
0 | 1,397 | - | - | - | - | - | - | 7,570 | - | - |
Write-off of prepaid land lease | ||||||||||
0 | 4,004 | 0 | - | - | - | - | - | - | - | - |
Write-off / Impairment on property, plant and equipment | ||||||||||
- | - | - | 106 | 969 | 673 | 27 | 1,042 | - | - | - |
Loss on demolition of factory | ||||||||||
0 | -18,644 | 0 | -1,053 | 0 | -9 | 0 | - | - | - | - |
Impairment for goodwill | ||||||||||
0 | 27,966 | 0 | - | - | - | - | - | - | - | - |
Compensation income from local government for demolition of factory | ||||||||||
- | - | - | - | - | - | - | - | 1,340 | - | - |
Unrealized translation difference | ||||||||||
421 | 1,315 | -1,557 | 1,702 | 1,575 | 92 | -774 | -61 | -1,398 | - | - |
Deferred tax asset | ||||||||||
2,746 | -13,087 | - | - | - | - | - | - | - | - | - |
Loss from disposal of property, plant and equipment | ||||||||||
- | - | - | - | - | - | - | - | - | -1,289 | -528 |
Deferred tax asset | ||||||||||
- | - | -4,126 | 3 | -83 | -121 | 5 | 489 | -2,569 | -11 | -82 |
Stock-based compensation expense - options | ||||||||||
45 | 496 | 372 | 40 | 374 | 346 | 544 | 510 | 7,481 | 1,282 | 2,022 |
Common stock issued for services | ||||||||||
21 | 0 | 17 | 15 | 0 | - | - | - | - | - | - |
Changes in assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
5,070 | -30,241 | -26,110 | 6,167 | -7,387 | -2,751 | 7,777 | 13,936 | -995 | 6,016 | 3,283 |
Other receivables | ||||||||||
- | - | 0 | 0 | -37 | 38 | -18 | 0 | - | - | - |
Inventories | ||||||||||
700 | -1,192 | -4,883 | -901 | 592 | 84 | -879 | 1,550 | 1,621 | 1,970 | 222 |
Prepayments and deposits | ||||||||||
-14 | 81 | 1,389 | 128 | -92 | 80 | 4 | -307 | -648 | 685 | 3 |
Other receivables | ||||||||||
-11 | 11 | - | - | - | - | - | - | - | -2 | -0 |
Accounts and other payable and accrued expenses | ||||||||||
-102 | -106 | -8,203 | -503 | -1,847 | -1,616 | -1,057 | -850 | 551 | 429 | 1,075 |
Retention payable | ||||||||||
0 | -597 | 206 | -365 | 841 | 117 | -1,233 | 866 | 98 | -221 | 659 |
Due to related parties | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | - |
Due to related parties | ||||||||||
- | - | - | - | - | - | - | - | - | -1 | 1 |
Taxes payable | ||||||||||
-374 | 175 | -3,597 | -76 | 656 | -1,685 | 2,260 | -1,204 | -3,459 | 1,415 | 1,284 |
Operating lease | ||||||||||
114 | 0 | - | - | - | - | - | - | - | - | - |
Net cash provided by (used in) operating activities | ||||||||||
-15,309 | 17,340 | 62,751 | 55,216 | 70,401 | 46,573 | 40,151 | 24,765 | 59,047 | 57,999 | 39,820 |
CASH FLOWS USED IN INVESTING ACTIVITIES | ||||||||||
Additions of prepaid land leases | ||||||||||
0 | 680 | 10,481 | 673 | 683 | 664 | 638 | 477 | 406 | 100 | 72 |
Compensation received from government on property disposition | ||||||||||
- | - | - | 2,708 | 0 | - | - | - | - | - | - |
Proceeds from sales of property, plant and equipment | ||||||||||
- | - | - | - | - | 21 | 0 | 0 | - | 479 | 704 |
Compensation received for demolition of factory | ||||||||||
- | - | - | - | - | - | - | - | -1,340 | - | - |
Purchase of property, plant and equipment | ||||||||||
60,611 | 35,273 | 17,938 | 16,995 | 22,858 | 6,538 | 3,192 | 37,399 | 52,907 | 39,463 | 38,876 |
Consideration paid for business acquisition | ||||||||||
- | - | - | - | 66,305 | 0 | - | - | - | - | - |
Cash acquired from acquisition | ||||||||||
- | - | - | - | 14,074 | 0 | - | - | - | - | - |
Compensation proceeds received | ||||||||||
- | - | - | - | - | - | 3,868 | 0 | - | - | - |
Net cash used in investing activities | ||||||||||
-60,611 | -35,954 | -28,419 | -14,961 | -75,772 | -7,181 | 37 | -37,877 | -51,973 | -39,084 | -38,244 |
CASH FLOWS USED IN FINANCING ACTIVITIES | ||||||||||
Repayment of notes payable | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,650 |
Repayment of stockholder's notes payable | ||||||||||
- | - | - | - | - | - | - | - | - | - | -50 |
Repurchase of common stock | ||||||||||
- | - | - | - | 37 | 61 | 0 | - | 500 | - | - |
Repayment of capital lease obligation | ||||||||||
275 | 294 | 273 | 287 | 306 | 304 | 302 | 297 | - | - | - |
Repayment of capital lease obligation | ||||||||||
- | - | - | - | - | - | - | - | 288 | - | - |
Proceeds from private placement | ||||||||||
- | - | - | - | - | - | - | - | - | 2,192 | 21,307 |
Proceeds from exercising stock options | ||||||||||
- | - | - | - | - | - | - | - | - | 18 | - |
Repayment of loan payable | ||||||||||
- | - | - | - | - | - | - | - | - | - | -4,031 |
Advances (to)/from related parties | ||||||||||
- | - | - | - | - | - | - | - | - | - | -852 |
Repayment to related parties | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,649 |
Net cash used in financing activities | ||||||||||
-275 | -294 | -273 | -287 | -344 | -366 | -302 | -297 | -788 | 2,210 | 13,073 |
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | ||||||||||
-2,500 | -10,999 | 10,964 | -9,689 | -7,263 | -269 | 2,701 | 74 | 3,796 | 1,831 | 9 |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | ||||||||||
-78,696 | -29,907 | 45,022 | 30,278 | -12,979 | 38,756 | 42,587 | -13,335 | 10,081 | 22,957 | 14,658 |
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||||||||
Cash paid during the period for: | ||||||||||
Income taxes | ||||||||||
0 | 0 | 11,113 | 12,140 | 10,747 | 7,604 | 5,605 | 6,256 | 18,794 | 16,917 | 10,514 |
Operating right-of-use assets obtained in exchange for lease obligations | ||||||||||
8,241 | 0 | - | - | - | - | - | - | - | - | - |
SUPPLEMENTAL DISCLOSURE OF CASH NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||||||||
Purchase of property, plant and equipment included in retention payable | ||||||||||
3,515 | 0 | - | - | - | - | - | - | - | - | - |
Par value of common stock issued upon cashless exercise of options | ||||||||||
0 | 0 | - | - | - | - | - | - | - | - | - |
Par value of common stock issued upon cashless exercise of options | ||||||||||
- | - | - | 0 | 0 | 0 | 0 | 0 | - | - | - |
Fair value of common stock issued for acquisition of business | ||||||||||
- | - | - | - | 13,373 | 0 | - | 4,872 | - | - | - |
Transfer from construction in progress to property, plant and equipment | ||||||||||
- | - | - | - | 0 | - | - | - | - | - | - |
Interest paid | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 |
Inception of capital lease obligation for acquiring property, plant and equipment | ||||||||||
- | - | - | - | - | - | - | - | 3,127 | - | - |
Issuance of common stock for exercising stock options | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | - |
Issuance of common stock for acquisition of assets | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | - |