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Taxation (Tables)

12 Months Ended

Dec. 31, 2019

Taxation

Schedule of Current and Deferred Portions of Income Tax Expense

Continuing operations		Years ended December 31,
(In thousands)		2017		2018		2019
Current income tax (benefits)/expenses		(38)		(471)		315
Deferred income tax (benefits)/expenses		(2,214)		382		4,361
Income tax (benefits)/expenses		(2,252)		(89)		4,676

Summary of Aggregate Amount and Per Share Effect of Tax Holiday

		Years ended December 31,
		2017		2018		2019
Aggregate dollar effect (In thousands)		(4,102)		(3,776)		(3,856)
Per share effect—basic		(0.01)		(0.01)		(0.01)
Per share effect—diluted		(0.01)		(0.01)		(0.01)

Reconciliation of Total Tax Expense (Benefit)

Continuing operations		Years ended December 31,
(In thousands)		2017		2018		2019
Income tax benefit at PRC statutory rate (based on statutory tax rate applicable to enterprises in China)		(11,617)		(10,384)		(11,886)
Effects of differences in tax rates in different jurisdictions applicable to entities of the Group outside of the PRC		1,341		485		788
Non-deductible expenses		32		245		228
Effect of Super Deduction		(546)		(881)		(1,920)
Effect of tax holidays and tax concessions		4,102		3,776		3,856
Change in valuation allowance of deferred tax assets		6,748		6,720		13,180
Effect on deferred tax assets due to change in tax rates		—		(167)		—
Outside basis difference arising from VIE and its subsidiaries in the PRC		(652)		—		—
Expiration of tax loss		—		562		400
Others		(1,660)		(445)		30
Income tax (benefits)/expenses		(2,252)		(89)		4,676

Summary of Changes in Deferred Tax Asset and Liability Balances

(In thousands)		December 31, 2018		December 31, 2019
Deferred tax assets, non-current portion:
Net operating losses carried forward (note a)		20,479		27,712
Impairment of long-term equity investment		1,760		4,061
Allowance for advance to suppliers		351		346
Impairment of property and equipment		32		14
Impairment of other receivables		2,126		1,553
Impairment of accounts receivable		1,094		1,140
Impairment of inventories		29		549
Valuation allowance		(20,181)		(34,257)
Deferred tax assets, non-current portion, net (note b)		5,690		1,118
Deferred tax liabilities, non-current portion:
Deferred credit arising from asset acquisition		(1,366)		(1,179)

Schedule of Deferred Tax Assets and Liabilities Balances

Deferred tax assets

(In thousands)		2018		2019
Within one year		2,092		133
After one year		3,598		985
		5,690		1,118

Deferred tax liabilities

(In thousands)		2018		2019
Within one year		(167)		(165)
After one year		(1,199)		(1,014)
		(1,366)		(1,179)

Schedule of Movement of Valuation Allowance

		Years ended December 31,
(In thousands)		2017		2018		2019
Beginning balance		(9,851)		(16,599)		(20,181)
Additions		(6,748)		(3,582)		(14,076)
Ending balance		(16,599)		(20,181)		(34,257)

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the income tax exemptions and reductions which have been granted by taxing authorities for a specified period, applicable term of the exemptions and reductions, estimated dollar value of tax benefits, and per share benefits.

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