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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2019
INCOME TAXES |
Schedule of loss before income taxes expense and gain from equity method investment |
|  | Year ended December 31,
|  | 2017 |  | 2018 |  | 2019
Cayman Islands |  | $ | (3,705) |  | $ | (24,750) |  |  | 11,403
Hong Kong SAR |  |  | (7,205) |  |  | (36,476) |  |  | (7,728)
PRC, excluding Hong Kong SAR, and other countries |  |  | 1,235 |  |  | 1,436 |  |  | (2,504)
Total |  | $ | (9,675) |  | $ | (59,790) |  | $ | 1,171
Schedule of principal components of the deferred tax assets and liabilities |
|  | As of December 31,
|  | 2018 |  | 2019
Deferred tax assets: |  |  |  |  |  |
Bad debt allowance |  |  | 88 |  |  | —
Accrued inventory provision |  |  | 348 |  |  | —
Net operating loss carry forwards |  |  | 27,852 |  |  | 33,267
Less: Valuation allowance |  |  | (26,691) |  |  | (31,879)
Total deferred tax asset |  | $ | 1,597 |  | $ | 1,388
Deferred tax liabilities: |  |  |  |  |  |
Property and equipment |  | $ | — |  | $ | (18)
Acquired intangible assets |  | $ | (1,597) |  | $ | (1,370)
Total deferred tax liabilities |  | $ | (1,597) |  | $ | (1,388)
Net deferred tax assets |  | $ | — |  | $ | —
Net deferred tax liabilities |  | $ | — |  | $ | —
Schedule of movement of valuation allowance |
|  | Year ended December 31,
|  | 2018 |  | 2019
Balance at beginning of the period |  | $ | 20,986 |  | $ | 26,691
Additions |  |  | 5,705 |  |  | 5,188
Balance at end of the period |  | $ | 26,691 |  | $ | 31,879
Schedule of reconciliation between the expense of income taxes computed by applying the PRC tax rate to loss before income taxes and the actual provision for income taxes |
|  | Year ended December 31, |
|  | 2017 |  | 2018 |  | 2019 |
Loss before provision of income tax |  | $ | (9,675) |  | $ | (59,790) |  | $ | 1,171 |
Statutory tax rate in the PRC |  |  | 25 | % |  | 25 | % |  | 25 | %
Income tax at statutory tax rate |  |  | (2,419) |  |  | (14,948) |  |  | 293 |
Non-deductible expenses |  |  | 42 |  |  | 115 |  |  | 10 |
Effect of preferential tax rates |  |  | (67) |  |  | 7 |  |  | (135) |
Utilization of tax loss previously not recognized |  |  | (99) |  |  | — |  |  | — |
Effect of income tax rate differences in jurisdictions other than the PRC |  |  | 1,456 |  |  | 9,154 |  |  | (2,277) |
Statutory income/expense |  |  | — |  |  | — |  |  | (653) |
Deferred tax expense |  |  | — |  |  | — |  |  | (2,313) |
Changes in valuation allowances |  |  | 1,168 |  |  | 5,705 |  |  | 5,188 |
Income tax expense |  | $ | 81 |  | $ | 33 |  | $ | 113 |

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