XML 60 R43.htm IDEA: XBRL DOCUMENT
v3.22.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Summary of Profit / (Loss) Before Income Taxes | The Company’s loss before income taxes consists of:
|  | As of December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Cayman Islands |  |  | (16,716 | ) |  |  | (31,966 | ) |  |  | (23,555 | ) |  |  | (3,696 | )
British Virgin Islands |  |  | (30 | ) |  |  | (27 | ) |  |  | (2 | ) |  |  | — |
Hong Kong |  |  | (3,097 | ) |  |  | (1,790 | ) |  |  | (1,564 | ) |  |  | (245 | )
China |  |  | (89,836 | ) |  |  | (191,206 | ) |  |  | (115,431 | ) |  |  | (18,114 | )
Total loss before income taxes |  |  | (109,679 | ) |  |  | (224,989 | ) |  |  | (140,552 | ) |  |  | (22,055 | )
Summary of Composition of Income Tax Expense | The current and deferred portions of income tax expense included in the consolidated statements of comprehensive loss are as follows:
|  | As of December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Current income tax expense |  |  | (162 | ) |  |  | (86 | ) |  |  | (32 | ) |  |  | (5 | )
Deferred tax benefit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total income tax expense |  |  | (162 | ) |  |  | (86 | ) |  |  | (32 | ) |  |  | (5 | )
Summary of Reconciliation Between Expenses of Income Taxes | Reconciliation between the expense of income taxes computed by applying the statutory tax rate to loss before income taxes and the actual provision for income taxes is as follows:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
Loss before income tax |  |  | (224,989 | ) |  |  | (140,552 | ) |  |  | (22,055 | )
Income tax expense computed at PRC statutory rate (25%) |  |  | (56,247 | ) |  |  | (35,138 | ) |  |  | (5,514 | )
International tax rate differential |  |  | 8,151 |  |  |  | 6,023 |  |  |  | 945 |
Preferential tax rate |  |  | 21,963 |  |  |  | 21,437 |  |  |  | 3,364 |
Deferred tax items tax rate differential |  |  | (23,337 | ) |  |  | (22,935 | ) |  |  | (3,599 | )
Research and development super-deduction |  |  | (27,455 | ) |  |  | (32,595 | ) |  |  | (5,115 | )
Non-deductible expenses |  |  | 7,132 |  |  |  | 8,092 |  |  |  | 1,270 |
Deferred tax expenses |  |  | 347 |  |  |  | — |  |  |  | — |
Recognition of prior year tax loss/ Expired prior year tax loss |  |  | 3,382 |  |  |  | (4,851 | ) |  |  | (761 | )
Changes in valuation allowance |  |  | 66,150 |  |  |  | 59,999 |  |  |  | 9,415 |
Income tax expense |  |  | 86 |  |  |  | 32 |  |  |  | 5 |
Summary of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to the deferred tax balances as of December 31, 2020 and 2021 are as follows:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
Deferred tax assets |  |  |  |  |  |  |  |  |  |  |  |
Provision for doubtful debts |  |  | 23,418 |  |  |  | 27,327 |  |  |  | 4,288 |
Accrued expense |  |  | 10,841 |  |  |  | 12,923 |  |  |  | 2,028 |
Net operating loss carry forward |  |  | 164,559 |  |  |  | 218,042 |  |  |  | 34,216 |
Government grant related to assets |  |  | 684 |  |  |  | 1,411 |  |  |  | 221 |
Property and equipment depreciation |  |  | 144 |  |  |  | — |  |  |  | — |
Estimated liabilities |  |  | 7 |  |  |  | — |  |  |  | — |
Less: Valuation allowance |  |  | (188,119 | ) |  |  | (248,118 | ) |  |  | (38,935 | )
Total deferred tax assets |  |  | 11,534 |  |  |  | 11,585 |  |  |  | 1,818 |
Deferred tax liabilities |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment depreciation |  |  | — |  |  |  | (867 | ) |  |  | (136 | )
Net unrealized gain on equity investments held |  |  | (3,564 | ) |  |  | (3,564 | ) |  |  | (559 | )
Unrealized loan interest income |  |  | (7,970 | ) |  |  | (7,154 | ) |  |  | (1,123 | )
Total deferred tax liabilities |  |  | (11,534 | ) |  |  | (11,585 | ) |  |  | (1,818 | )
Net deferred tax assets |  |  | — |  |  |  | — |  |  |  | — |
Net deferred tax liabilities |  |  | — |  |  |  | — |  |  |  | — |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration