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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Consolidated net (loss) income $ 15,693 $ (13,191) $ (13,254)
Adjustments to reconcile consolidated net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 2,349 1,509 3,801
Amortization of right-of-use asset 1,801 476  
Gain on disposal of property, plant and equipment   (130) (2,867)
Unrealized gain of marketable securities     (13)
Write off of demolished building     35
Share-based compensation expenses 809 539 2,925
Unrealized exchange (gain) loss (85) 516 1,670
Deferred income tax benefit 6,784 (2,011)  
Changes in current assets and liabilities:      
Increase in accounts receivable (2,933) (806)  
Decrease (increase) in prepaid expenses and other receivables 2,197 (1,454) (1,746)
Increase in rental deposits (200) (88) (155)
Increase in real estate properties under development (161,818) (132,077) (39,575)
Increase in accrued expenses and other payables 512 1,785 616
Increase (decrease) in accounts payable 2,261    
Decrease in lease liabilities (1,305) (406)  
Increase in advance from customers 2,080 67,387 255
Increase in long term rental deposits 1,277 192  
Increase in amount due to a related company 161    
Total adjustments (146,110) (64,568) (35,054)
Net cash used in operating activities (130,417) (77,759) (48,308)
Cash flows from investing activities:      
Purchase of property, plant and equipment (449) (864) (2,107)
Purchase of marketable securities     (7,580)
(Increase) decrease in deposits for real estate properties under development     37
Increase in deposits for purchase of property, plant and equipment     (82)
Proceeds from disposal of property, plant and equipment and other assets   181 9,791
Proceeds from disposal of demolished building     180
Proceeds from disposal of other noncurrent asset     46
Redemption of marketable securities   7,580  
Increase in refundable bank deposit     (91)
Decrease (increase) in fixed deposits maturing over three months 2,166 39,322 (39,359)
Increase in short term investments (150,150)    
Net cash provided by (used in) investing activities (148,433) 46,219 (39,165)
Cash flows from financing activities:      
Cash dividends paid     (10,565)
Repayment of bank loans (54,869) (193)  
Proceeds from bank loans 72,337 97,980  
Debt issuance cost   (487)  
Increase in finance lease payable 6    
Proceeds from shares issued on exercise of options 3,793 2,635 3,954
Amounts due to a shareholder and an investor 170,690    
Net cash (used in) provided by financing activities 191,957 99,935 (6,611)
Net (decrease) increase in cash and cash equivalents and restricted cash (86,893) 68,395 (94,084)
Cash and cash equivalents and restricted cash at beginning of year 130,218 62,919 165,173
Effect of exchange rate changes on cash and cash equivalents 19,720 (1,096) (8,170)
Cash and cash equivalents and restricted cash at end of year 63,045 130,218 62,919
Supplemental schedule of cash flow information:      
Cash paid for amounts included in the measurement of lease liabilities (1,305) (406)  
Non-cash investing activities:      
Increase in construction in progress funded through accounts payable 26,470 1,279  
Interest paid (321) (67)  
Share-based compensation expenses $ 809 $ 539 $ 2,925