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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 104,084 $ 158,691
Accounts receivable (net of allowance for doubtful accounts of $36 and $34 as of December 31, 2017 and 2018, respectively) 876 901
Inventories 4,811 3,549
Prepaid expenses and other current assets 11,243 9,541
Loan receivables - current 582  
Amounts due from related parties   126
Total current assets 121,596 172,808
Non-current assets    
Restricted cash 746 543
Property, plant and equipment, net 45,896 40,163
Goodwill 25,096 428
Acquired intangible assets, net 4,491  
Long-term investments 4,805 256
Deferred tax assets 16,195 12,430
Other non-current assets 24,048 3,110
Loan receivables - non-current 582  
TOTAL ASSETS 243,455 229,738
Current liabilities    
Prepayments from customers, current portion (including prepayments from customers of the consolidated VIEs without recourse to the Group of $11,962 and $6,647 as of December 31, 2017 and 2018, respectively) 6,647 11,968
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the Group of $48,123 and $54,443 as of December 31, 2017 and 2018, respectively) 60,429 51,854
Income tax payable (including income tax payable of the consolidated VIEs without recourse to the Group of $10,125 and $11,298 as of December 31, 2017 and 2018, respectively) 11,685 10,534
Deferred revenue, current portion (including deferred revenue of the consolidated VIEs without recourse to the Group of $22,327 and $29,578 as of December 31, 2017 and 2018, respectively) 29,578 22,666
Total current liabilities 108,339 97,022
Non-current liabilities    
Prepayments from customers, non-current portion (including prepayments from customers of the consolidated VIEs without recourse to the Group of $8,542, and $3,582 as of December 31, 2017 and 2018, respectively) 3,582 8,542
Deferred revenue, non-current portion (including deferred revenue of the consolidated VIEs without recourse to the Group of $8,505, and $5,567 as of December 31, 2017 and 2018, respectively) 6,915 10,396
Other non-current liabilities (including other non-current liabilities of the consolidated VIEs without recourse to the Group of $8,484 and $8,541 as of December 31, 2017 and 2018, respectively) 8,541 8,484
Deferred income tax liabilities (including deferred income tax liabilities of the consolidated VIEs without recourse to the Group of nil and $1,110 as of December 31, 2017 and 2018, respectively) 1,110  
TOTAL LIABILITIES 128,487 124,444
MEZZANINE EQUITY    
Redeemable non-controlling interests 1,628  
EQUITY    
Ordinary shares (par value of $0.001 per share; 99,999,999 shares authorized; 29,213,801 and 29,213,801 shares issued and outstanding as of December 31, 2017 and 2018, respectively) 29 29
Additional paid-in capital 135,881 129,134
Statutory reserve 3,362 2,678
Accumulated other comprehensive income (losses) (122) 783
Accumulated deficit (30,421) (28,879)
Total RYB Education, Inc. shareholders' equity 108,729 103,745
Non-controlling interest 4,611 1,549
TOTAL EQUITY 113,340 105,294
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY $ 243,455 $ 229,738