| Dec'17 | ||||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net loss | ||||||
-50,384 | ||||||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation of property and equipment | ||||||
545 | ||||||
Amortization of intangible assets | ||||||
2 | ||||||
Share-based compensation | ||||||
9,931 | ||||||
Share of loss from equity method investment | ||||||
-249 | ||||||
Loss on disposal of property and equipment | ||||||
-12 | ||||||
Change in fair value of warrants | ||||||
-200 | ||||||
Changes in operating assets and liabilities: | ||||||
Prepayments and other current assets | ||||||
810 | ||||||
Long term deposits | ||||||
38 | ||||||
Value added tax recoverable | ||||||
3,685 | ||||||
Accounts payable | ||||||
8,444 | ||||||
Other payables | ||||||
1,950 | ||||||
Deferred income | ||||||
1,615 | ||||||
Net cash used in operating activities | ||||||
-32,367 | ||||||
Cash flows from investing activities: | ||||||
Disposal of cost method investment | ||||||
500 | ||||||
Purchase of equity method investment | ||||||
1,900 | ||||||
Purchase of property and equipment | ||||||
9,102 | ||||||
Disposal of property and equipment | ||||||
82 | ||||||
Purchase of intangible assets | ||||||
14 | ||||||
Net cash used in investing activities | ||||||
-10,434 | ||||||
Cash flows from financing activities: | ||||||
Proceed from issuance of convertible preferred shares, net of issuance cost | ||||||
29,100 | ||||||
Proceeds from exercise of warrants | ||||||
1,000 | ||||||
Proceeds from exercises of stock options | ||||||
65 | ||||||
Proceeds from issuance of ordinary shares upon initial public offering | ||||||
160,424 | ||||||
Payment of initial public offering costs | ||||||
2,730 | ||||||
Net cash provided by financing activities | ||||||
187,860 | ||||||
Effect of foreign exchange rate changes on cash and cash equivalents | ||||||
652 | ||||||
Net increases in cash and cash equivalents | ||||||
145,711 | ||||||
Supplemental disclosure on non-cash investing and financing activities: | ||||||
Payables for purchase of property and equipment | ||||||
413 | ||||||
Payables for initial public offering costs | ||||||
40 | ||||||
Conversion of convertible preferred shares | ||||||
163,607 | ||||||
Exercise of warrants | ||||||
3,700 | ||||||