v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (11,214) $ (5,047) $ (2,418)
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation and amortization 2,716 1,264 3
Property, plant and equipment write-off 3
Inventory write-off 1
Transaction cost from issue of convertible notes 44 106
Deferred income taxes (679) (315)
Bad debt provision 195 1
Share-based compensation expenses 741 1,566 239
Impairment loss of goodwill 7,005
Loss on change in fair value of convertible notes 1,500 1,041
Loss on change in fair value of warrant derivative liability 150 (2)
Change in operating assets      
Accounts receivable, trade 119 (96) 676
Other receivables and prepayments (187) (202) (67)
Inventories 25 (27)
Prepaid income tax 17
Advances to suppliers (226) 123 (99)
Other current assets 53
Change in operating liabilities      
Accounts payables, trade (1) 186 (556)
Other payables and accrued liabilities (97) 90 22
Customer deposits 109 (412) 245
Taxes payable (6,413)
Net cash used in operating activities (7,977) (1,079) (762)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Advances to an unrelated third party (6,743)
Repayment from an unrelated party 6,457
Proceeds from acquisition of a subsidiary 943 1
Proceeds from disposal of subsidiaries 89,766
Refund of deposit paid for acquisition of a subsidiary 33,280  
Deposits paid for acquisition of subsidiaries (33,288) (89,302)
Net cash provided by (used in) investing activities 7,400 (6,750) 464
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from other loan from unrelated party, unsecured 2,172
Placement of pledged bank deposits (515)    
Proceeds from loan from a shareholder 88 405
Payments on loan from a shareholder (88) (505)
Proceeds from convertible notes 298 696
Proceeds from shares issuance 3,091 7,001
Advances from unrelated parties 283 221
Repayment to an unrelated party (221)    
Net cash provided by financing activities 4,810 7,520 596
EFFECT OF EXCHANGE RATE ON CASH (7) (45)
INCREASE (DECREASE) IN CASH 4,233 (316) 253
CASH, beginning of year 29 345 92
CASH, end of year 4,262 29 345
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest 6
Cash paid for income taxes 6,413
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Receivable from convertible note holders under promissory notes 359
Common stock issued and to be issued on conversion of convertible notes 3,674 76
Common stock issued for acquisition of subsidiaries $ 4,679 $ 4,080