| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-161,898 | -25,293 | -93,570 | -43,869 | -32,172 | -39,010 | |
Less: Net income from discontinued operations | ||||||
0 | 0 | 11,075 | -39,546 | -32,099 | - | |
Net loss from continuing operations | ||||||
-161,898 | -25,293 | -104,646 | -4,323 | -73 | - | |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Share-based compensation | ||||||
1,067 | 1,097 | 0 | 4,190 | 0 | 1,939 | |
Depreciation and amortization | ||||||
8,626 | 8,900 | 4,949 | 0 | 0 | 2,768 | |
Provision for other receivables | ||||||
-584 | 0 | 0 | - | - | - | |
Impairment loss | ||||||
147,018 | 0 | 85,934 | 0 | 0 | - | |
Income tax benefits | ||||||
-6,857 | -2,233 | -1,249 | 0 | - | - | |
Customer credits earned under the loyalty program to be settled in shares | ||||||
0 | 1,377 | 0 | 0 | - | - | |
Allowance for doubtful advance to suppliers | ||||||
- | - | - | - | - | 1,371 | |
Loss (gain) from disposal of VIE and VIE's subsidiaries | ||||||
- | - | - | - | - | -28 | |
Loss from disposal of property and equipment | ||||||
- | - | - | - | - | -533 | |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
1,482 | -1,936 | 3,008 | 0 | 0 | -718 | |
Inventories | ||||||
288 | 142 | -957 | 0 | 0 | - | |
Prepaid expenses and other current assets | ||||||
-6,167 | -15,797 | 18,524 | 110 | 116 | -2,284 | |
Amounts due from related parties | ||||||
2,730 | -567 | -8,512 | 0 | 0 | - | |
Other non-current assets | ||||||
0 | 158 | 0 | 0 | - | - | |
Accounts and notes payable | ||||||
-1,572 | 1,436 | -1,873 | 0 | - | - | |
Accrued expenses and other current liabilities | ||||||
-906 | -8,612 | 16,708 | -16 | -42 | 6,062 | |
Accounts payable | ||||||
- | - | - | - | 0 | 3,123 | |
Advance from customers | ||||||
- | - | - | - | - | 5,603 | |
Amounts due to related parties | ||||||
-847 | 1,474 | -2,739 | 0 | 0 | - | |
Other non-current liabilities | ||||||
100 | 899 | 502 | 0 | 0 | - | |
Income tax payable | ||||||
- | - | - | - | - | 1 | |
Deferred income taxes | ||||||
- | - | - | - | 0 | -70 | |
Net cash used in continuing operations | ||||||
-9,873 | -5,826 | -10,731 | -260 | -232 | -14,646 | |
Net cash used in discontinued operations | ||||||
0 | 0 | -22,799 | -31,699 | -28,520 | - | |
Net cash used in operating activities | ||||||
-9,873 | -5,826 | -33,531 | -31,960 | -28,753 | - | |
Cash flows from investing activities: | ||||||
Purchase of property and equipment | ||||||
741 | 1,860 | 93 | 0 | 0 | 1,151 | |
Payment for investment | ||||||
0 | 720 | 0 | 0 | - | - | |
Payments for acquisition of business (net of cash acquired of $20,196,362, $nil and $nil for the years ended December 31, 2015, 2016 and 2017, respectively) | ||||||
0 | 0 | 9,803 | 0 | 0 | 285 | |
Proceeds from disposal of property and equipment | ||||||
- | - | - | - | - | 91 | |
Proceeds from disposal of VIE and VIE's subsidiaries (net of cash disposed of $3,370, nil and nil for the years ended December 31, 2012, 2013 and 2014, respectively) | ||||||
- | - | - | - | - | 0 | |
Amounts due to related parties | ||||||
- | - | - | - | - | -664 | |
Restricted cash | ||||||
- | - | - | - | - | -5,000 | |
Net cash used in continuing operations | ||||||
-741 | -2,580 | -9,896 | 0 | 0 | 2,991 | |
Net cash used in discontinued operations | ||||||
0 | 0 | -1,999 | -586 | 2,118 | - | |
Net cash used in investing activities | ||||||
-741 | -2,580 | -11,896 | -586 | 2,118 | - | |
Cash flows from financing activities: | ||||||
Proceeds from issuance of ordinary shares upon IPO | ||||||
0 | 0 | 40,294 | 0 | 0 | - | |
Proceeds from third party loan | ||||||
- | - | - | - | - | 4,397 | |
Repayments for third party loans | ||||||
- | - | - | - | - | 2,247 | |
Payments for IPO costs | ||||||
0 | 0 | 2,125 | 874 | 0 | - | |
Subscription proceeds received | ||||||
- | - | - | 3 | 0 | - | |
Proceeds from option exercise | ||||||
- | - | - | - | 53 | - | |
Proceeds from issuance of ordinary shares to Mr. Xu | ||||||
0 | 0 | 15,000 | 0 | 0 | - | |
Proceeds from issuance of Series B convertible redeemable preferred shares (net of issuance cost of $31,153) | ||||||
- | - | - | - | - | 12,468 | |
(Payment to) /cash received from related parties | ||||||
5,089 | 0 | -250 | 36,291 | 24,587 | 1,077 | |
Proceeds from short-term bank borrowings | ||||||
7,553 | 0 | 0 | - | - | - | |
Repayments of short-term loan | ||||||
- | - | - | - | - | 3,898 | |
Net cash provided by continuing operations | ||||||
12,642 | 0 | 52,919 | 35,419 | 24,640 | 11,797 | |
Net cash provided by discontinued operations | ||||||
0 | 0 | 1,963 | -1,651 | -1,904 | - | |
Net cash provided by financing activities | ||||||
12,642 | 0 | 54,882 | 33,767 | 22,736 | - | |
Effect of exchange rate changes | ||||||
279 | -140 | 50 | 5 | 70 | -226 | |
Increase/(decrease) in cash and cash equivalents | ||||||
2,307 | -8,547 | 9,505 | 1,226 | -3,828 | -83 | |
Supplement disclosure of cash flow information: | ||||||
Income taxes paid | ||||||
- | - | - | - | 2 | 0 | |
Interest paid | ||||||
154 | 0 | 0 | 104 | 136 | 244 | |