v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash $ 4,262 $ 29
Pledged bank deposits 515 0
Accounts receivable, net of provision for doubtful accounts of $196 and $196, respectively 119
Loans receivable, net of provision for loan losses of $nil and $ nil , respectively 670
Interest receivable 6
Other receivables and prepayments 28 6,459
Advances to suppliers 226
Total current assets 5,707 6,607
DEPOSITS FOR ACQUISITION OF SUBSIDIARIES 31,866
PLANT AND EQUIPMENT, NET 511 5
INTANGIBLE ASSETS, NET 42,258 25,290
GOODWILL 49,977 36,504
Total assets 98,453 100,272
CURRENT LIABILITIES    
Accounts payable, trade 235 222
Other payables and accrued liabilities 3,023 807
Customer deposits 113
Taxes payable 15 6,241
Total current liabilities 3,386 7,270
LONG-TERM LIABILITIES    
Warrant derivative liability 680
Non-current deferred tax liability 10,572 6,323
Total liabilities 14,638 13,593
COMMITMENT AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Preferred stock, $0.001 par value, 1,000,000 shares authorized, nil issued and outstanding as of December 31, 2017 and December 31, 2016
Common stock, $0.004 par value, 50,000,000 shares authorized, 16,164,855 and 9,387,928 issued and outstanding as of December 31, 2017 and December 31, 2016, respectively 65 38
Additional paid-in-capital 50,159 42,205
Statutory reserves
Retained earnings 40,922 52,136
Accumulated other comprehensive loss (7,331) (7,700)
Total shareholders' equity 83,815 86,679
Total liabilities and shareholders' equity $ 98,453 $ 100,272