| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-36,649 | -33,366 | -30,026 | ||||
Adjustments to reconcile net profit (loss) to net cash provided by/(used in) operating activities: | ||||||
Provision for loan losses | ||||||
-13 | - | 3,924 | ||||
Depreciation | ||||||
2,331 | 1,381 | 1,016 | ||||
Fair value changes of investments held for trading | ||||||
- | 33 | 887 | ||||
Share-based compensation | ||||||
2,497 | 1,003 | 592 | ||||
Loss (gain) on extinguishment of convertible promissory note | ||||||
-25 | 355 | -2,232 | ||||
Accretion of convertible promissory note | ||||||
- | - | 843 | ||||
Change in fair value of the derivatives | ||||||
- | - | -688 | ||||
Change in fair value of the convertible promissory note | ||||||
- | 626 | - | ||||
Changes in operating assets and liabilities: | ||||||
Safeguard Program assets and liabilities | ||||||
4,148 | -601 | 1,029 | ||||
Investments held for trading | ||||||
- | -2,842 | -1,094 | ||||
Loans receivable | ||||||
63 | -87 | -5,598 | ||||
Receivables, prepayments and other assets | ||||||
-2,458 | 273 | 4,319 | ||||
Accrued liabilities | ||||||
22,084 | 847 | 3,086 | ||||
Income tax payable | ||||||
-1 | 4 | 60 | ||||
Deferred revenue | ||||||
5,790 | -104 | 194 | ||||
Net cash used in operating activities | ||||||
-5,689 | -26,740 | -16,934 | ||||
Cash flows from investing activities: | ||||||
Purchase of property, equipment and software | ||||||
2,190 | 3,087 | 2,697 | ||||
Net cash used in investing activities | ||||||
-2,190 | -3,087 | -2,697 | ||||
Cash flows from financing activities: | ||||||
Repayment of borrowings | ||||||
- | - | 1,833 | ||||
Proceeds from issuance of convertible redeemable preferred shares | ||||||
22,431 | 20,389 | 11,920 | ||||
Proceeds from initial public offering (net of underwriters' commissions of USD 5,980 thousands) | ||||||
63,020 | - | - | ||||
Proceeds from exercise of incentive shares | ||||||
55 | - | - | ||||
Payment of convertible redeemable preferred shares issuance costs | ||||||
1,329 | 1,813 | 1,243 | ||||
Proceeds from issuance of convertible promissory notes | ||||||
500 | 5,426 | 32,800 | ||||
Payment of redemption of convertible promissory notes | ||||||
- | - | 2,500 | ||||
Net cash provided by financing activities | ||||||
84,677 | 24,002 | 39,144 | ||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-900 | -237 | -281 | ||||
Net increase/(decrease) in cash and cash equivalent | ||||||
75,898 | -6,062 | 19,232 | ||||
Supplemental disclosure of cash flow information | ||||||
Cash paid for income taxes | ||||||
675 | 7 | 2 | ||||
Cash paid for interest | ||||||
- | - | 281 | ||||
Supplemental disclosure of non-cash operating, investing and financing activities | ||||||
Accruals related to purchase of equipment and software | ||||||
144 | 109 | 117 | ||||
Accretion on convertible redeemable preferred shares to redemption value | ||||||
2,868 | 6,377 | 3,201 | ||||
Conversion of convertible promissory notes to Series C convertible redeemable preferred shares | ||||||
500 | 4,502 | 31,908 | ||||
Promissory note receivable arising from issuance of Series C convertible redeemable preferred share | ||||||
- | 4,000 | - | ||||