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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net loss $ (2,959) $ (3,280)
Adjustments to reconcile net loss to net cash (used in)/provided by operating activities    
Depreciation and amortization 282 415
Amortization of operating lease right-of-use assets 92 5
Share-based compensation expenses 6,857 1,987
Provision for allowances for doubtful accounts 0 747
Loss on disposal of long-term investments 38 0
Deferred taxes (40) 11
Change in fair value of warrant liabilities (6,829) (68)
Changes in operating assets and liabilities    
Accounts receivable (1,284) (38)
Prepayment and deposit to suppliers (980) 2,090
Due from related parties 0 28
Other current assets 8 (3)
Long-term deposits and prepayments (554) (750)
Accounts payable 403 (9)
Advance from customers 89 (362)
Accrued payroll and other accruals 197 57
Other current liabilities (123) 326
Taxes payable (49) 89
Lease payment liability related to short-term leases (54) 43
Operating lease liabilities (31) (9)
Net cash (used in)/provided by operating activities (5,331) 1,165
Cash flows from investing activities    
Payment for leasehold improvements and purchase of vehicles, furniture and office equipment (221) 0
Cash effect of deconsolidation of VIEs’ subsidiaries (8) 0
Investments and advances to ownership investee entities (463) (27)
Short-term loan to an unrelated party (312) (944)
Repayment of short-term loan from an unrelated party 1,303 0
Payment for purchase of software technologies (1,160) 0
Deposit and prepayment paid for contracts of other investing activities (3,500) 0
Payment for blockchain platform applications development costs 0 (302)
Net cash used in investing activities (4,361) (1,273)
Cash flows from financing activities    
Proceeds from issuance of common stock and warrant (net of cash offering cost of US$1,600) 17,111  
Repayment of short-term bank loan 0 (427)
Net cash provided by/(used in) financing activities 17,111 (427)
Effect of exchange rate fluctuation on cash and cash equivalents 36 (13)
Net increase/(decrease) in cash and cash equivalents 7,455 (548)
Cash and cash equivalents at beginning of the period 4,297 1,603
Cash and cash equivalents at end of the period 11,752 1,055
Supplemental disclosure of cash flow information    
Income taxes paid 0 0
Interest expense paid $ 0 $ 2