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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 15,257 $ 4,288
Adjustments to reconcile net income from operations to net cash used in operating activities:    
Depreciation and amortization 586 380
Loss on disposals of property, plant and equipment 296 0
Equity income in net income of affiliates (260) (235)
Deferred income taxes (757) 0
Stock-based compensation 2,919 2,771
Net changes in operating assets and liabilities:    
Accounts receivable (19,634) (5,526)
Other receivables 1,187 781
Inventory (5,889) (15,157)
Prepaid expenses 323 (1,653)
Other long-term assets (182) 12
Accounts payable (417) 5,165
Advances from customers 746 3,818
Income tax payable 162 645
Other payables and accrued expenses 2,352 2,658
Other long-term liabilities (1,441) (680)
Net cash used in operating activities (4,752) (2,733)
Cash flows from investing activities:    
Purchase of property and equipment (832) (1,598)
Purchase of intangible assets (114) (350)
Investments in unconsolidated affiliates (4,348) 0
Net cash used in investing activities (5,294) (1,948)
Cash flows from financing activities:    
Proceeds from short-term borrowings 18,267 13,065
Repayments of short-term borrowings (11,770) (7,962)
Proceeds from stock option exercise to common stock 312 511
Proceeds from issuance of Class A common stock in connection with public offering, net of direct issuance expenses of $2,287 26,463 0
Payment for repurchase of Class A common stock (785) 0
Payment for cancellation of stock option (576) 0
Proceeds from issuance of common stock to redeemable Non-controlling interest 27,264 0
Net cash provided by financing activities 59,175 5,614
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,407) (376)
Net increase in cash, cash equivalents and restricted cash 46,722 557
Cash, cash equivalents and restricted cash at beginning of period 27,124 17,681
Cash, cash equivalents and restricted cash at end of period 73,846 18,238
Supplemental disclosure of cash flow information:    
Interest paid 538 364
Reconciliation of cash, cash equivalents and restricted cash in condensed consolidated statements of cash flows: [Abstract]    
Cash and cash equivalents 47,264 18,238
Restricted cash $ 26,582 $ 0