Sgoco group, ltd. (SGOC)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss

-11,214

-5,047

-2,418

-2,288

8,444

4,213

16,619

19,932

-

Adjustments to reconcile net loss to cash used in operating activities:
Net income

-

-

-

-

-

-

-

-

7,159

Depreciation and amortization

2,716

1,264

3

19

-

-

-

-

618

Depreciation

-

-

-

-

76

69

1,369

1,506

-

Property, plant and equipment write-off

0

0

-3

0

0

-

-

-

-

Inventory write-off

0

0

1

0

0

-

-

-

-

Transaction cost from issue of convertible notes

0

44

106

0

0

-

-

-

-

Deferred income taxes

-679

-315

0

0

314

0

0

-

-

Amortization

-

-

-

-

-

-

91

105

-

Bad debt provision

0

195

1

0

98

0

191

1,947

-

Change in fair value of warrant derivative liability

-

-

-

19

3

75

925

-287

-

Share-based compensation expenses

741

1,566

239

538

225

273

0

0

-

Impairment loss of goodwill

7,005

0

0

-

-

-

-

-

-

Loss on change in fair value of convertible notes

0

1,500

1,041

0

0

-

-

-

-

Loss on change in fair value of warrant derivative liability

150

0

-2

-

-

-

-

-

-

Change in operating assets
Accounts receivable, trade

-119

96

-676

-14,275

-10,953

39,496

19,428

37,510

14,767

Accounts receivable - related parties

-

-

-

-

-

-

-50

48

-3,562

Notes receivable

-

-

-

-1,316

1,294

0

0

-

-

Other receivables and prepayments

187

202

67

-521

561

-587

7,988

262

-6

Inventories

0

-25

27

-2,009

1,093

-34,557

-1,160

12,814

-4,227

Prepaid income tax

0

0

-17

17

0

0

-

-

-

Advances to suppliers

226

-123

99

42,814

4,344

23,797

-

-

-

Advances to suppliers

-

-

-

-

-

-

101,731

10,681

-

Advances to suppliers-related party

-

-

-

-

-

-

-

-9,027

-

Other current assets

0

0

-53

-53

-31

16

12

-259

-29

Change in operating liabilities
Accounts payables, trade

-1

186

-556

13,495

-10,195

7,390

31,772

27,638

1,407

Accrued liabilities

-

-

-

-

-

-

-

-130

26

Other payables and accrued liabilities

-97

90

22

1,943

141

-164

10,179

-1,542

-

Other payables - related parties

-

-

-

-

-

-

-

-235

-

Customer deposits

109

-412

245

-200

-189

997

5,544

2,735

-

Taxes payable

-6,413

0

0

385

-1,225

1,575

5,008

-

-

Customer deposits - related parties

-

-

-

-

-

-

-

-338

-

Taxes Payable

-

-

-

-

-

-

-

1,604

927

Net cash used in operating activities

-7,977

-1,079

-762

-

-

-

-

1,480

-6,005

Gain from disposal of subsidiaries

-

-

-

-

-

-

127

0

-

Net cash used in operating activities

-

-

-

-10,784

1,384

-13,887

-58,228

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Advances to an unrelated third party

0

6,743

0

0

-

-

-

-

-

Repayment from an unrelated party

6,457

0

0

-

-

-

-

-

-

Proceeds from acquisition of a subsidiary

-943

-1

0

0

-

-

-

-

-

Proceeds from disposal of subsidiaries

0

0

-89,766

25

0

-18,734

2,226

-

-

Refund of deposit paid for acquisition of a subsidiary

0

33,280

-

0

-

-

-

-

-

Deposits paid for acquisition of subsidiaries

0

33,288

89,302

0

0

-

-

-

-

Proceeds from the disposal of plant and equipment and intangible assets

-

-

-

-

-

-

-

0

-

Cash received from legal acquirer

-

-

-

-

-

-

-

6

-

Net cash provided by (used in) investing activities

7,400

-6,750

464

-

-

-

-

-3,564

-19,525

Proceeds from disposal of subsidiaries, net of cash disposed of $3,430

-

-

-

-

-

-

-

0

-

Purchase of equipment and construction-in-progress

-

-

-

-

32

106

1,021

3,564

13,553

Purchase of intangible assets

-

-

-

-

-

-

2

6

5,972

Proceeds from the disposal of plant and equipment and intangible assets

-

-

-

-

-

-

2

-

-

Net cash (used in) provided by investing activities

-

-

-

-25

-32

18,628

-3,247

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from other loan from unrelated party, unsecured

2,172

0

0

-

-

-

-

-

-

Placement of pledged bank deposits

515

-

-

-

-

-

-

-

-

Increase in restricted cash

-

-

-

-

-

-

-19,413

-731

-5,414

Proceeds from bank overdrafts

-

-

-

-

-

-

7,304

10,350

-

Payments on bank overdrafts

-

-

-

-

-

-

7,539

9,618

-

Notes payable

-

-

-

-

-

-

40,899

6,824

-

Notes payable

-

-

-

-

-

-

-

-

13,695

Proceeds from government

-

-

-

-

-

-

-

1,163

3,372

Proceeds from short-term loan

-

-

-

-

6,668

6,230

102,258

30,512

50,174

Payments on short-term loan

-

-

-

2,599

6,230

0

81,516

32,056

34,620

Shareholder contribution

-

-

-

-

-

-

-

367

3,080

Proceeds from loan from a shareholder

0

88

405

600

0

0

-

2,545

-

Payments on loan from a shareholder

0

88

505

500

209

0

-

-

-

Proceeds from convertible notes

0

298

696

0

0

-

-

-

-

Proceeds from recapitalization

-

-

-

-

-

-

-

5,388

-

Payments of recapitalization cost

-

-

-

-

-

-

-

666

-

Repayments on shareholder promissory notes

-

-

-

-

-

-

-

100

-

Proceeds from shares issuance

3,091

7,001

0

0

-

-

-

5,595

-

Advances from unrelated parties

283

221

0

0

-

-

-

-

-

Repayment to an unrelated party

-221

-

-

-

-

-

-

-

-

Payments on debt long term from a shareholder

-

-

-

-

-

-

2,336

0

-

Payments of financing costs

-

-

-

-

-

-

-

300

-

Payments on repurchase of shares pursuant to put option

-

-

-

-

-

-

2,000

0

-

Payments on repurchase of warrants

-

-

-

-

-

-

512

0

-

Shares issued for exercise of over allotment related to secondary offering

-

-

-

-

-

-

373

0

-

Net cash provided by (used in) financing activities

-

-

-

-2,499

229

6,230

37,518

-

-

Net cash provided by financing activities

4,810

7,520

596

-

-

-

-

19,273

31,004

EFFECT OF EXCHANGE RATE ON CASH

0

-7

-45

-97

368

42

998

497

-18

INCREASE (DECREASE) IN CASH

4,233

-316

253

-13,405

1,949

11,013

-22,959

17,686

5,455

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest

0

6

0

-

-

-

-

-

-

Cash paid for interest

-

-

-

304

260

61

2,074

1,021

841

Cash paid for income taxes

6,413

0

0

963

3,205

575

4,051

1,986

106

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Receivable from convertible note holders under promissory notes

0

0

359

0

0

-

-

-

-

Common stock issued and to be issued on conversion of convertible notes

0

3,674

76

0

-

-

-

-

-

Common stock issued for acquisition of subsidiaries

4,679

4,080

0

0

-

-

-

-

-

Receivable from the sale of a subsidiary

-

-

-

91,379

0

0

-

-

-

Settlement of consideration receivable - received in finished goods

-

-

-

-

-

38,397

8,925

0

-

- Purchase deposits to Honesty Group

-

-

-

-

-

-

-1,772

0

-

- Payable to Honesty Group

-

-

-

-

-

-

10,156

0

-

Settlement of consideration receivable

-

-

-

-

-

-

57,478

0

-