| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-23,719 | -13,176 | -1,849 | ||||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
1,474 | 721 | 76 | ||||
Bad debt provision | ||||||
31 | 3 | 0 | ||||
Provision for inventory | ||||||
0 | 7 | 0 | ||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
274 | 91 | 6 | ||||
Advances to suppliers | ||||||
-124 | -462 | -209 | ||||
Inventories | ||||||
-840 | 2,942 | 262 | ||||
Other receivables, net | ||||||
377 | 59 | 94 | ||||
Prepaid rent | ||||||
-392 | 463 | 169 | ||||
Short-term deposits | ||||||
-41 | 130 | 28 | ||||
Long-term deposits | ||||||
469 | 510 | 184 | ||||
Refundable value added tax credits | ||||||
930 | 0 | 0 | ||||
Other current assets | ||||||
509 | -66 | 195 | ||||
Accounts payable | ||||||
1,317 | 866 | 103 | ||||
Advances from customers | ||||||
35 | 0 | 0 | ||||
Advances from customers- related parties | ||||||
-37 | 0 | 0 | ||||
Deferred revenue | ||||||
-523 | 4,765 | 582 | ||||
Deferred rent | ||||||
-57 | -122 | -0 | ||||
Taxes payable | ||||||
85 | -76 | 91 | ||||
Accrued expenses and other current liabilities | ||||||
575 | 778 | 358 | ||||
NET CASH USED IN OPERATING ACTIVITIES | ||||||
-22,039 | -10,579 | -1,786 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Acquisition of property and equipment | ||||||
3,255 | 6,076 | 4,035 | ||||
Payments for construction in progress | ||||||
0 | 115 | 0 | ||||
NET CASH USED IN INVESTING ACTIVITIES | ||||||
-3,255 | -6,191 | -4,035 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from shareholders loan | ||||||
9,626 | 4,105 | 6,573 | ||||
Repayment of shareholders loan | ||||||
7,182 | 0 | 0 | ||||
Capital contribution from shareholders | ||||||
23,382 | 11,501 | 0 | ||||
NET CASH PROVIDED BY FINANCING ACTIVITIES | ||||||
25,827 | 15,606 | 6,573 | ||||
EFFECT OF EXCHANGE RATE CHANGE ON CASH | ||||||
398 | 519 | -30 | ||||
NET INCREASE (DECREASE) IN CASH | ||||||
931 | -645 | 721 | ||||
SUPPLEMENTAL CASH FLOW DISCLOSURES: | ||||||
Income tax | ||||||
10 | 0 | 16 | ||||
Non-cash investing activities: | ||||||
Transfer from prepayment on property and equipment to fixed assets | ||||||
0 | 2,714 | 0 | ||||