| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash Flows From Operating Activities | |||||||||
Net (Loss) Income and Comprehensive (Loss) Income | |||||||||
-8,600 | 5,299 | - | - | - | 8,554 | 4,867 | 5,433 | 5,365 | 4,203 |
Net (loss) income from discontinued operations | |||||||||
-2,464 | 40 | - | - | - | - | - | - | - | - |
(Loss) Income From Continuing Operations | |||||||||
-6,136 | 5,259 | 3,764 | -292 | 3,404 | - | - | - | - | - |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||
Depreciation and amortization | |||||||||
36 | 37 | 1,524 | 603 | 512 | 1,700 | 1,324 | 764 | -663 | 374 |
Amortization of operating lease right-of-use assets | |||||||||
474 | 0 | - | - | - | - | - | - | - | - |
Deferred tax benefit | |||||||||
436 | -117 | 175 | -813 | -52 | 180 | -171 | 163 | - | - |
Changes in deferred tax | |||||||||
- | - | - | - | - | - | - | - | 172 | -42 |
Stock compensation expense | |||||||||
369 | 1,194 | 2,175 | 1,637 | 1,377 | 663 | 581 | 57 | 0 | - |
Changes in bad debt allowance | |||||||||
- | - | - | 2,603 | - | - | - | - | - | - |
Warrants expense | |||||||||
- | - | - | - | - | 76 | 76 | 0 | - | - |
Change in fair value and extinguishment of warrant liability | |||||||||
- | - | - | - | -767 | 4,194 | 0 | - | - | - |
Loss on fixed assets disposal | |||||||||
- | - | - | - | - | - | - | -123 | 0 | -144 |
Changes in bad debt allowance | |||||||||
-220 | 13 | 305 | - | 660 | 119 | 52 | 225 | 0 | - |
Write-down of inventories | |||||||||
3,605 | 0 | - | - | - | - | - | - | - | - |
Goodwill impairment | |||||||||
- | - | - | - | - | 808 | 0 | - | - | - |
Loss on disposal of fixed assets | |||||||||
- | - | - | - | - | -31 | -37 | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
-66,423 | 13,753 | 12,209 | 2,022 | 8,782 | 15,066 | 3,155 | 3,624 | 11,784 | -2,448 |
Accounts receivable - related party | |||||||||
- | - | - | - | - | - | - | -28 | -536 | 80 |
Advance to suppliers | |||||||||
18,199 | 1,418 | -5,089 | 5,733 | -231 | 4,572 | 411 | 2,753 | 13 | -156 |
Inventories | |||||||||
26,959 | -3 | 3,593 | 266 | 1,193 | 266 | 53 | 1,386 | -4 | 1,322 |
Operating lease liabilities | |||||||||
440 | 0 | - | - | - | - | - | - | - | - |
Note receivable | |||||||||
- | - | - | - | - | - | - | - | - | 16 |
Other current assets | |||||||||
88 | -49 | -16 | -298 | 724 | -131 | 106 | 32 | -18 | 45 |
Accounts payable | |||||||||
-3,728 | 2,511 | -734 | -3,856 | -533 | 3,508 | -3,008 | 351 | -3,754 | 149 |
Advance from customers | |||||||||
-18 | 25 | -494 | 450 | -58 | 80 | -216 | 165 | -65 | -96 |
Accrued liabilities and other payables | |||||||||
-498 | -28 | 81 | -710 | -295 | 998 | -181 | 658 | 412 | - |
Accrued expenses and other payables | |||||||||
- | - | - | - | - | - | - | - | - | 304 |
Deferred rent payable | |||||||||
- | - | - | - | - | 11 | 16 | -3 | -13 | 4 |
Taxes payable | |||||||||
-984 | -848 | 2,584 | -30 | 115 | 777 | 392 | 655 | -1,497 | 995 |
Net Cash Provided by (Used in) Continuing Operations | |||||||||
14,069 | -7,071 | - | -8,132 | -4,571 | - | - | - | - | - |
Net Cash Provided by Discontinued Operations | |||||||||
815 | 189 | - | 1,711 | 342 | - | - | - | - | - |
Net Cash Provided by (Used in) Operating Activities | |||||||||
14,885 | -6,882 | -1,312 | -6,421 | -4,229 | -6,455 | 42 | 826 | -465 | 4,895 |
Cash Flows From Investing Activities | |||||||||
Assignment fee received | |||||||||
- | - | 1,250 | 0 | - | - | - | - | - | - |
Purchase of heritage and cultural assets | |||||||||
- | - | - | - | - | - | - | - | 125 | - |
Purchase of property and equipment | |||||||||
25 | 27 | 26 | 13 | 0 | 1,617 | 502 | 651 | 589 | 4,742 |
Cash received from Buyer | |||||||||
- | - | - | - | - | - | - | 0 | 450 | - |
Proceeds from disposal of subsidiaries, net of $43,873 of cash disposed of | |||||||||
- | - | - | 13,206 | 0 | - | - | - | - | - |
Advances to unrelated parties | |||||||||
- | - | 8,835 | 7,000 | 0 | - | - | - | - | - |
Deposits on plant construction and equipment | |||||||||
- | - | - | - | 52 | - | 3,500 | 3,000 | 0 | - |
Repayment from unrelated parties | |||||||||
- | - | -15,835 | 0 | - | 0 | - | - | - | - |
Cash proceeds from private placement, net | |||||||||
- | - | - | - | - | - | - | 1,753 | 3,859 | - |
Repayment from unrelated parties | |||||||||
- | - | - | - | - | - | - | 203 | - | - |
Cash acquired from acquisition of Bright Swallow | |||||||||
- | - | - | - | - | - | 342 | 0 | - | - |
Acquisition of intangible asset | |||||||||
- | - | - | - | - | - | - | 538 | 200 | - |
Deposits for equipment | |||||||||
- | - | - | - | - | 1,252 | 0 | - | - | - |
Cash received from disposition of fixed assets | |||||||||
- | - | - | - | - | 11 | 1 | - | - | - |
Cash received from disposition of fixed assets | |||||||||
- | - | - | - | - | - | - | 8 | 141 | - |
Construction in progress | |||||||||
- | - | - | - | 231 | 1,278 | 317 | 4,626 | 631 | - |
Net Cash Used in Continuing Operations | |||||||||
-25 | -27 | - | 6,192 | -284 | - | - | - | - | - |
Net Cash Used in Discontinued Operations | |||||||||
- | - | - | -94 | -2,189 | - | - | - | - | - |
Net Cash Used in Investing Activities | |||||||||
-25 | -27 | 8,223 | 6,098 | -2,473 | -4,137 | -3,975 | -8,808 | -1,854 | -4,742 |
Cash Flows From Financing Activities | |||||||||
Repayment to related parties | |||||||||
- | - | - | - | - | - | - | - | 1,357 | - |
Proceeds from line of credit and bank loan | |||||||||
17,512 | 67,576 | 48,674 | 44,405 | 36,034 | 30,612 | 18,344 | 6,522 | 0 | - |
Repayment to line of credit and bank loan | |||||||||
23,760 | 65,530 | 52,450 | 43,934 | 35,057 | 30,439 | 17,485 | 0 | - | - |
Proceeds from the exercise of options for common stocks | |||||||||
0 | 31 | - | - | - | - | - | - | - | - |
Purchase of the treasury stock | |||||||||
616 | 0 | - | - | - | - | - | - | - | - |
Payment for note payable | |||||||||
- | - | - | - | - | - | - | - | 80 | - |
Payment for note payable | |||||||||
- | - | - | - | - | - | - | - | -203 | - |
Proceeds from the exercise of options for common stock | |||||||||
- | - | 0 | 3,093 | 0 | 468 | 1,021 | 142 | 0 | - |
Repayment to related parties | |||||||||
- | - | - | - | - | - | 1 | 0 | - | - |
Proceeds from equity financing, net of expenses of $355,000 | |||||||||
- | - | - | - | - | 750 | 1,200 | - | - | - |
Advance to related parties | |||||||||
- | - | - | - | - | - | - | - | -1,560 | 332 |
Proceeds from equity financing, net of expenses of $355,000 | |||||||||
- | - | - | - | 3,645 | 8,119 | 0 | 0 | 450 | - |
Net Cash (Used in) Provided by Continuing Operations | |||||||||
-6,864 | 2,077 | - | 3,564 | 4,621 | - | - | - | - | - |
Net Cash Used in Discontinued Operations | |||||||||
- | - | - | -1,638 | 1,830 | - | - | - | - | - |
Contribution by cash | |||||||||
- | - | - | - | - | - | - | - | - | 500 |
Dividend paid | |||||||||
- | - | - | - | - | - | - | - | - | 2,172 |
Net Cash (Used in) Provided by Financing Activities | |||||||||
-6,864 | 2,077 | -3,775 | 1,925 | 6,452 | 9,510 | 3,078 | 8,621 | 3,823 | -1,340 |
Net increase (decrease) in cash and cash equivalents | |||||||||
7,994 | -4,832 | - | - | - | - | - | - | - | - |
Continuing operations: | |||||||||
Cash paid during the years for: | |||||||||
Income tax payments | |||||||||
799 | 227 | 0 | 7 | 131 | 21 | 364 | 269 | 126 | 78 |
Interest expense | |||||||||
64 | 173 | 185 | 282 | 275 | 312 | 267 | 121 | 0 | - |
Discontinued operations: | |||||||||
Cash paid during the years for: | |||||||||
Income tax payments | |||||||||
0 | 0 | - | - | - | - | - | - | - | - |
Income tax payments | |||||||||
- | - | - | 0 | 0 | - | - | - | - | - |
Interest expense | |||||||||
0 | 0 | - | 145 | 112 | - | - | - | - | - |
Analysis of cash and cash equivalents | |||||||||
Effect of Exchange Rate Changes on Cash and Cash Equivalents | |||||||||
- | - | - | -2 | -5 | 4 | 27 | 4 | 16 | -0 |
Net increase in cash and cash equivalents | |||||||||
- | - | 3,134 | 1,599 | -256 | -1,079 | -827 | 645 | 1,520 | -1,187 |
Construction in progress and deposits for equipment and factory construction transfer to fixed assets | |||||||||
- | - | - | - | 2,406 | 797 | 4,747 | - | - | - |
Deposit on plant construction and website design transfer to construction in progress | |||||||||
- | - | - | - | 1,208 | 0 | - | - | - | - |
Issuance of common stock in exchange of surrender and termination of warrants | |||||||||
- | - | - | - | 2,232 | 0 | - | - | - | - |
Payable for acquisition of land use rights | |||||||||
- | - | - | - | - | - | - | - | 2,400 | - |
Construction deposit transfer to construction in progress | |||||||||
- | - | - | - | - | - | - | - | 0 | 527 |