| Dec'17 | ||||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-31,066 | ||||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization expenses | ||||||
887 | ||||||
Share -based compensation expenses | ||||||
16,563 | ||||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
19,144 | ||||||
Amount due from related party | ||||||
-3,248 | ||||||
Prepayments and other current assets | ||||||
17,001 | ||||||
Other non current assets | ||||||
1,046 | ||||||
Accounts payable | ||||||
20,937 | ||||||
Advance from customers | ||||||
8,206 | ||||||
Amount due to related party | ||||||
5,444 | ||||||
Tax payable | ||||||
2,463 | ||||||
Accrued expenses and other current liabilities | ||||||
6,190 | ||||||
Net cash used in operating activities | ||||||
-4,319 | ||||||
Cash flows from investing activities: | ||||||
Purchases of property and equipment | ||||||
2,893 | ||||||
Net cash used in investing activities | ||||||
-2,893 | ||||||
Cash flows from financing activities: | ||||||
Proceeds from issuance of ordinary shares, net | ||||||
210,330 | ||||||
Initial working capital contributed by RONG360 | ||||||
23,055 | ||||||
Funding from RONG360 | ||||||
14,360 | ||||||
Net cash provided by financing activities | ||||||
247,745 | ||||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-3,254 | ||||||
Net increase in cash and cash equivalents | ||||||
237,279 | ||||||
Supplemental schedule of non-cash investing and financing activities: | ||||||
Deemed dividends to RONG360 in connection with the share-based awards granted to employees of non-platform business (Note 10) | ||||||
1,360 | ||||||