| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
ASSETS | ||||||
Current assets | ||||||
Cash and cash equivalents | ||||||
158,691 | 46,256 | |||||
Term deposits | ||||||
- | 432 | |||||
Accounts receivable (net of allowance for doubtful accounts of $34 and $36 as of December 31, 2016 and 2017, respectively) | ||||||
901 | 1,022 | |||||
Inventories | ||||||
3,549 | 3,043 | |||||
Prepaid expenses and other current assets | ||||||
9,541 | 9,414 | |||||
Amounts due from related parties | ||||||
126 | 3,816 | |||||
Total current assets | ||||||
172,808 | 63,983 | |||||
Non-current assets | ||||||
Restricted cash | ||||||
543 | 372 | |||||
Property, plant and equipment, net | ||||||
40,163 | 29,411 | |||||
Goodwill | ||||||
428 | 401 | |||||
Long-term investments | ||||||
256 | 378 | |||||
Deferred tax assets | ||||||
12,430 | 6,951 | |||||
Other non-current assets | ||||||
3,110 | 2,914 | |||||
TOTAL ASSETS | ||||||
229,738 | 104,410 | |||||
LIABILITIES | ||||||
Current liabilities | ||||||
Prepayments from customers, current portion (including prepayments from customers of the consolidated VIE without recourse to the Group of $16,570 and $11,962 as of December 31, 2016 and 2017, respectively) | ||||||
11,968 | 16,576 | |||||
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIE without recourse to the Group of $36,063 and $48,123 as of December 31, 2016 and 2017, respectively) | ||||||
51,854 | 36,436 | |||||
Income tax payable (including income tax payable of the consolidated VIE without recourse to the Group of $5,498 and $10,125 as of December 31, 2016 and 2017, respectively) | ||||||
10,534 | 5,869 | |||||
Deferred revenue, current portion (including deferred revenue of the consolidated VIE without recourse to the Group of $20,446 and $22,327 as of December 31, 2016 and 2017, respectively) | ||||||
22,666 | 21,406 | |||||
Total current liabilities | ||||||
97,022 | 80,287 | |||||
Non-current liabilities | ||||||
Prepayments from customers, non-current portion (including prepayments from customers of the consolidated VIE without recourse to the Group of $5,908, and $8,542 as of December 31, 2016 and 2017, respectively) | ||||||
8,542 | 5,908 | |||||
Deferred revenue, non-current portion (including deferred revenue of the consolidated VIE without recourse to the Group of $6,742, and $8,505 as of December 31, 2016 and 2017, respectively) | ||||||
10,396 | 8,242 | |||||
Other non-current liabilities (including other non-current liabilities of the consolidated VIE without recourse to the Group of $6,012 and $8,484 as of December 31, 2016 and 2017, respectively) | ||||||
8,484 | 6,012 | |||||
TOTAL LIABILITIES | ||||||
124,444 | 100,449 | |||||
EQUITY | ||||||
Golden share (par value of $0.001 per share; 1 share authorized; 1 and nil share issued and outstanding as of December 31, 2016 and 2017, respectively) | ||||||
0 | 0 | |||||
Ordinary shares (par value of $0.001 per share; 99,999,999 shares authorized; 23,163,801 and 29,213,801 shares issued and outstanding as of December 31, 2016 and 2017, respectively) | ||||||
29 | 23 | |||||
Additional paid-in capital | ||||||
129,134 | 36,420 | |||||
Statutory reserve | ||||||
2,678 | 2,156 | |||||
Accumulated other comprehensive income | ||||||
783 | 381 | |||||
Accumulated deficit | ||||||
-28,879 | -35,472 | |||||
Total RYB Education, Inc. shareholders' equity | ||||||
103,745 | 3,508 | |||||
Noncontrolling interest | ||||||
1,549 | 453 | |||||
TOTAL EQUITY | ||||||
105,294 | 3,961 | |||||
TOTAL LIABILITIES AND EQUITY | ||||||
229,738 | 104,410 | |||||