v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss from continuing operations $ (67,923) $ (943) $ (1,881)
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation and amortization 4,799 2,084 1,074
Impairment loss of goodwill 59,440 0 0
Impairment loss of property, plant and equipment 970 60 385
Impairment loss of intangible assets 1,230 0 0
Deferred income taxes (1,048) (122) (130)
Impairment loss of loan and interest receivables 1,980 194 0
Impairment loss of other receivables and prepayments 39 0 0
(Gain) loss on change in fair value of warrant derivative liability (4) (33) (394)
Share-based compensation expenses 680 600 534
Gain on disposal of a subsidiary 2 (3) (263)
(Reversal) allowance for guarantee   (974) 157
Change in operating assets      
Accounts receivable 4 0 (12)
Loans receivable 15,482 3,190 (36,396)
Other receivables and prepayments 6,343 313 (343)
Interest receivable 1,056 (1,188) 1
Advances to suppliers   0 1
Change in operating liabilities (2) 0 0
Accounts payable, trade   1 5
Other payables and accrued liabilities (986) (236) 194
Taxes payable (423) 406 186
Net cash provided by / (used in) continuing operations 21,639 3,349 (36,882)
Net cash provided by (used in) by discontinued operations 214 (234) 708
Net cash provided by / (used in) operating activities 21,853 3,115 (36,174)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Advance to other party 0 (5,835) 0
Purchase of property and equipment (118) (257) 0
Proceeds from acquisition of a subsidiary 1,009 75 1,983
Settlement of a promissory note for acquisition of a subsidiary (23,282) 0 (3,533)
Proceeds from disposal of a subsidiary 187 8,987 0
Deposits paid for acquisition of a subsidiary (4,966) (21,795) (6,410)
Net cash (used in) provided by continuing operations (27,170) (18,825) (7,960)
Net cash from discontinued operations (247) (440) (2,442)
Net cash (used in) provided by investing activities (27,417) (19,265) (10,402)
CASH FLOWS FROM FINANCING ACTIVITIES:      
New bank loan raised   6,410 200
Repayment of bank borrowings (169) (200) 0
Proceeds from convertible notes   0 5,780
Proceeds from exercise of warrants   0 175
Proceeds from shares issuance 3,600 0 49,991
Advances from a director   21 0
Repayment to a director   (4) 0
Advances from related party   32 0
Advances from unrelated third parties   4 0
Net cash provided by continuing operations 3,431 6,263 56,146
Net cash from discontinued operations   701 0
Net cash provided by financing activities 3,431 6,964 56,146
(DECREASE) INCREASE IN CASH (2,133) (9,186) 9,570
Cash and Pledged bank deposits, beginning of year 5,161 14,347 4,777
Cash and Pledged bank deposits, end of year 3,028 5,161 14,347
Analysis of Cash and Pledged bank deposits      
Included in cash and cash equivalents per consolidated balance sheets 3,028 5,126 14,332
Included in assets of discontinued operations   35 15
Cash and Pledged bank deposits, end of year 3,028 5,161 14,347
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest 206 106 0
Cash paid for income taxes 1,163 130 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Common stock issued for acquisition of subsidiaries $ 14,660 5,242 8,188
Cancellation of 2018 Notes (Notes 3 and 13)   $ 3,480 $ 0