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Condensed Financial Information of the Parent Company | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of the Parent Company |
23 | Condensed financial information of the parent company
Basis of presentation For the presentation of the parent company only condensed financial information, the Company records its investments in subsidiaries and VIE under the equity method of accounting as prescribed in ASC 323, Investments—Equity Method and Joint Ventures . Such investments are presented on the condensed balance sheets as “Long-term investments” and the subsidiaries’ and VIE’s losses as “Share of losses of subsidiaries and VIE” on the condensed statements of comprehensive loss. The subsidiaries did not pay any dividends to the Company for the periods presented. The Company does not have significant commitments or long-term obligations as of the period end other than those presented. The parent company only financial statements should be read in conjunction with the Company’s consolidated financial statements. Condensed Balance Sheets
|  | As of December 31 |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
ASSETS: |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 92,123 |  |  |  | 6,724 |  |  |  | 1,055 |
Restricted cash |  |  | — |  |  |  | 5,998 |  |  |  | 941 |
Derivative assets |  |  | — |  |  |  | 5,989 |  |  |  | 940 |
Due from the entities within the Group |  |  | 6,930 |  |  |  | 6,871 |  |  |  | 1,078 |
Prepayments and other current assets |  |  | 2,511 |  |  |  | 7,314 |  |  |  | 1,148 |
Total current assets |  |  | 101,564 |  |  |  | 32,896 |  |  |  | 5,162 |
Non-current assets: |  |  |  |  |  |  |  |  |  |  |  |
Long-term investments |  |  | 494,394 |  |  |  | 400,809 |  |  |  | 62,896 |
Other receivables |  |  | — |  |  |  | 638 |  |  |  | 100 |
Intangible assets, net |  |  | 28 |  |  |  | — |  |  |  | — |
Total non-current assets |  |  | 494,422 |  |  |  | 401,447 |  |  |  | 62,996 |
Total assets |  |  | 595,986 |  |  |  | 434,343 |  |  |  | 68,158 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Short-term loans |  |  | — |  |  |  | 150,000 |  |  |  | 23,538 |
Accrued liabilities and other current liabilities |  |  | 2,018 |  |  |  | 2,258 |  |  |  | 354 |
Due to the entities within the Group |  |  | 42,012 |  |  |  | 63,366 |  |  |  | 9,944 |
Convertible notes |  |  | 225,229 |  |  |  | — |  |  |  | — |
Total current liabilities |  |  | 269,259 |  |  |  | 215,624 |  |  |  | 33,836 |
Non-current liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deferred revenue |  |  | 5,488 |  |  |  | 3,276 |  |  |  | 514 |
Total non-current liabilities |  |  | 5,488 |  |  |  | 3,276 |  |  |  | 514 |
Total liabilities |  |  | 274,747 |  |  |  | 218,900 |  |  |  | 34,350 |
Shareholders’ equity |  |  |  |  |  |  |  |  |  |  |  |
Class A common shares (par value of US$0.0001 per share as of December 31, 2020 and 2021; 4,920,000,000 shares authorized as of December 31, 2020 and 2021, 61,392,170 shares and 62,036,273 shares issued and outstanding as of December 31, 2020 and 2021, respectively) |  |  | 37 |  |  |  | 38 |  |  |  | 6 |
Class B common shares (par value of US$0.0001 per share as of December 31, 2020 and 2021; 30,000,000 shares authorized as of December 31, 2020 and 2021, 17,000,189 shares and 17,000,189 shares issued and outstanding as of December 31, 2020 and 2021) |  |  | 11 |  |  |  | 11 |  |  |  | 2 |
Additional paid-in capital |  |  | 988,812 |  |  |  | 1,021,961 |  |  |  | 160,368 |
Accumulated deficit |  |  | (678,434 | ) |  |  | (819,018 | ) |  |  | (128,522 | )
Accumulated other comprehensive income |  |  | 10,813 |  |  |  | 12,451 |  |  |  | 1,954 |
Total shareholders’ equity |  |  | 321,239 |  |  |  | 215,443 |  |  |  | 33,808 |
Total liabilities and shareholders’ equity |  |  | 595,986 |  |  |  | 434,343 |  |  |  | 68,158 |
Condensed Statements of Comprehensive Loss
|  | Years ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cost of Revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Gross profit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Sales and marketing |  |  | — |  |  |  | — |  |  |  | (553 | ) |  |  | (87 | )
General and administrative |  |  | (14,389 | ) |  |  | (15,938 | ) |  |  | (17,785 | ) |  |  | (2,791 | )
Share of losses of subsidiaries and VIE |  |  | (93,328 | ) |  |  | (193,109 | ) |  |  | (117,029 | ) |  |  | (18,364 | )
Total operating expenses |  |  | (107,717 | ) |  |  | (209,047 | ) |  |  | (135,367 | ) |  |  | (21,242 | )
Loss from operations |  |  | (107,717 | ) |  |  | (209,047 | ) |  |  | (135,367 | ) |  |  | (21,242 | )
Foreign exchange loss, net |  |  | — |  |  |  | 6 |  |  |  | (3,351 | ) |  |  | (525 | )
Interest income |  |  | 2,754 |  |  |  | 544 |  |  |  | 363 |  |  |  | 57 |
Interest expense |  |  | (10,178 | ) |  |  | (10,654 | ) |  |  | (7,820 | ) |  |  | (1,227 | )
Other income (loss) |  |  | 5,300 |  |  |  | (5,924 | ) |  |  | (469 | ) |  |  | (74 | )
Change in fair value of foreign currency swap contract |  |  | — |  |  |  | — |  |  |  | 6,060 |  |  |  | 951 |
Loss before income taxes |  |  | (109,841 | ) |  |  | (225,075 | ) |  |  | (140,584 | ) |  |  | (22,060 | )
Income tax expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net loss |  |  | (109,841 | ) |  |  | (225,075 | ) |  |  | (140,584 | ) |  |  | (22,060 | )
|  | Year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Net loss attributable to common share holders |  |  | (109,841 | ) |  |  | (225,075 | ) |  |  | (140,584 | ) |  |  | (22,060 | )
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments |  |  | (2,037 | ) |  |  | 4,450 |  |  |  | 1,638 |  |  |  | 257 |
Total other comprehensive income (loss), net of tax |  |  | (2,037 | ) |  |  | 4,450 |  |  |  | 1,638 |  |  |  | 257 |
Comprehensive loss |  |  | (111,878 | ) |  |  | (220,625 | ) |  |  | (138,946 | ) |  |  | (21,803 | )
Condensed Statements of Cash Flows
|  | Year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Net cash provided by/ (used in) operating activities |  |  | 15,273 |  |  |  | (17,412 | ) |  |  | (24,383 | ) |  |  | (3,826 | )
Net cash used in investing activities |  |  | (95,412 | ) |  |  | (6,525 | ) |  |  | (4,859 | ) |  |  | (762 | )
Net cash provided by/ (used in) financing activities |  |  | (33,845 | ) |  |  | 5,257 |  |  |  | (54,520 | ) |  |  | (8,555 | )
Effect of exchange rate changes |  |  | (9,763 | ) |  |  | (3,686 | ) |  |  | 4,361 |  |  |  | 683 |
Net decrease in cash and cash equivalents |  |  | (123,747 | ) |  |  | (22,366 | ) |  |  | (79,401 | ) |  |  | (12,460 | )
Cash and cash equivalents at the beginning of year |  |  | 238,236 |  |  |  | 114,489 |  |  |  | 92,123 |  |  |  | 14,456 |
Cash and cash equivalents at the end of year |  |  | 114,489 |  |  |  | 92,123 |  |  |  | 12,722 |  |  |  | 1,996 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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