v3.21.2

Summary of significant accounting policies (Tables) | 12 Months Ended
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Dec. 31, 2020
Summary of significant accounting policies |
Schedule of consolidated entities |
|  | Place incorporated |  | Ownership percentage |
SGOCO Group, Ltd. |  | Cayman Islands |  | Parent Company |
SGOCO International (HK) Limited |  | Hong Kong |  | 100 | %
Beijing SGOCO Image Technology Co., Ltd. |  | Beijing, China |  | 100 | %
Giant Financial Services Limited (“GFS”) |  | Samoa |  | 100 | %
Apiguru Pty Ltd. (“Apiguru”) |  | Australia |  | 100 | %
Giant Connection Limited |  | Republic of Seychelles |  | 100 | %
Giant Credit Limited (“GCL”) |  | Hong Kong |  | 100 | %
11 Hau Fook Street Limited |  | Hong Kong |  | 100 | %
Paris Sky Limited |  | Marshall Islands |  | 100 | %
Vision Lane Limited |  | British Virgin Islands |  | 100 | %
Suns Tower Limited |  |  |  |  |
(Formerly known as “First Asia Tower Limited”) (“FAT”) |  | Hong Kong |  | 100 | %
First Asia Finance Limited (“FAF”) |  | Hong Kong |  | 100 | %
Schedule of assets with estimated useful lives | Depreciation of plant and equipment is provided using the straight-line method for substantially all assets with estimated lives as follows:
Leasehold land and buildings |  | Leasehold land and buildings are depreciated over the shorter of the unexpired term of lease and their estimated useful lives, being no more than 50 years
Machinery and equipment |  | 4-10 years
Leasehold improvements |  | 5 years
Vehicles and office equipment |  | 4-5 years
Schedule of Separately identifiable intangible assets that have determinable lives | Separately identifiable intangible assets that have determinable lives continue to be amortized over their estimated useful lives using the straight-line method as follows:
Trademarks of GFS |  | 10 years
Service Contracts of GFS |  | 1 year
Non-competition agreements of Apiguru |  | 3 years
Summary of changes in Warrant derivative liability |
|  | Carrying Value at |  |  |  |  |  |  |  |  |
|  | December 31, |  | Fair Value Measurement at
|  | 2020 |  | December 31, 2020
|  |  |  |  | Level 1 |  | Level 2 |  | Level 3
Warrant derivative liability |  | $ | 249 |  | $ | — |  | $ | — |  | $ | 249
Schedule of changes in financial liabilities |
Balance at January 1, 2016 and 2017 |  | $ | —
Issuance of warrants on April 5, 2017 |  |  | 530
Change in fair value of warrant derivative liability |  |  | 150
Balance at December 31, 2017 |  |  | 680
Change in fair value of warrant derivative liability |  |  | (394)
Balance at December 31, 2018 |  |  | 286
Change in fair value of warrant derivative liability |  |  | (33)
Balance at December 31, 2019 |  |  | 253
Change in fair value of warrant derivative liability |  |  | (4)
Balance at December 31, 2020 |  |  | 249
Schedule of fair value of the outstanding warrants was calculated using the Monte-Carlo simulation Model |
Warrants |  | December 31, 2020 |  | December 31, 2019 |  | December 31, 2018 |  | December 31, 2017 |  | April 5, 2017 |
Market price per share (USD/share) |  |  | 1.45 |  | $ | 0.95 |  | $ | 0.85 |  | $ | 1.06 |  | $ | 2.75 |
Exercise price (USD/share) |  |  | 1.00 |  |  | 1.00 |  |  | 1.00 |  |  | 1.00 |  |  | 2.75 |
Risk free rate |  |  | 0.07 | % |  | 1.59 | % |  | 2.53 | % |  | 2.00 | % |  | 1.83 | %
Dividend yield |  |  | — | % |  | — | % |  | — | % |  | — | % |  | — | %
Expected term/Contractual life (years) |  |  | 0.26 |  |  | 1.26 |  |  | 2.26 |  |  | 3.26 |  |  | 4.00 |
Expected volatility |  |  | 64.06 | % |  | 78.11 | % |  | 81.54 | % |  | 110.46 | % |  | 106.46 | %
Schedule of the Company's revenues disaggregated by products and services and timing of revenue recognition: |
|  | Year ended December 31,
Revenue by recognition over time |  | 2020 |  | 2019 |  | 2018
Revenue by recognition over time |  | $ | 4,293 |  | $ | 5,115 |  | $ | 1,570
|  | $ | 4,293 |  |  | 5,115 |  | $ | 1,570
|  | Year ended December 31,
Revenue by major product line |  | 2020 |  | 2019 |  | 2018
Interest on loans |  | $ | 1,667 |  | $ | 3,930 |  | $ | 980
Property lease and management |  |  | 1,130 |  |  | 1,185 |  |  | 590
Financial technology solutions and services |  |  | 1,496 |  |  | — |  |  | —
|  | $ | 4,293 |  |  | 5,115 |  | $ | 1,570
Summary of the movement of the Company's contract liabilities |
|  | Rental receipt in advance
Balance as of January 1, 2018 |  | $ | —
Acquisition of Suns Tower Limited |  |  | 10
Revenue recognized from beginning contract liability balance |  |  | (10)
Advances received from customers related to unsatisfied performance obligations |  |  | 6
Balance as of December 31, 2018 |  |  | 6
Revenue recognized from beginning contract liability balance |  |  | (6)
Advances received from customers related to unsatisfied performance obligations |  |  | 8
Balance as of December 31, 2019 |  | $ | 8
Revenue recognized from beginning contract liability balance |  |  | (8)
Advances received from customers related to unsatisfied performance obligations |  |  | 3
Balance as of December 31, 2020 |  | $ | 3

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