v3.8.0.1
Accounting policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of consolidated subsidiaries
The following entities were consolidated as of December 31, 2017:
  
 
Place incorporated
Ownership percentage
SGOCO
Cayman Islands
Parent Company
SGOCO International
Hong Kong
100%
Beijing SGOCO
Beijing, China
100%
SGO
Delaware, USA
100%
SGOCO Shenzhen
Shenzhen, China
100%
BOCA
Hong Kong
100%
Century Skyway Limited (“CSL”)
Hong Kong
100%
Shen Zhen Provizon Technology Co., Limited
Shenzhen, China
100%
Giant Connection Limited
Republic of Seychelles
100%
Giant Credit Limited (“GCL”)
Hong Kong
100%
Schedule of fair value of financial assets and liabilities
The following table sets forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis:
 
 
 
Carrying Value at
December 31, 2017
 
Fair Value Measurement at
December 31, 2017
 
 
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
Warrant derivative liability
 
$
680
 
$
-
 
$
-
 
$
680
 
Schedule of changes in financial liabilities
A summary of changes in financial liabilities for the years ended December 31, 2017 and 2016 was as follows:
 
Balance at January 1, 2016
 
$
2,169
 
Interest expenses on convertible notes
 
 
5
 
Conversion of convertible notes
 
 
(3,674)
 
Change in fair value of convertible notes
 
 
1,500
 
Balance at December 31, 2016
 
 
-
 
Issuance of warrants on April 5, 2017
 
 
530
 
Change in fair value of warrant derivative liability
 
 
150
 
Balance at December 31, 2017
 
 
680
 
Schedule of Assumptions Used to Value Convertible Notes
The fair value of the outstanding warrants was calculated using the Monte-Carlo simulation Model with the following assumptions at inception and on subsequent valuation date:
 
Warrants
 
December 31, 2017
 
 
April 5, 2017
 
Market price per share (USD/share)
 
$
1.06
 
 
$
2.75
 
Exercise price (USD/share)
 
 
1.00
 
 
 
2.75
 
Risk free rate
 
 
2.00
%
 
 
1.83
%
Dividend yield
 
 
-
%
 
 
-
%
Expected term/Contractual life (years)
 
 
3.26
 
 
 
4.00
 
Expected volatility
 
 
110.46
%
 
 
106.46
%