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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 37,736 $ 38,808
Restricted cash 2,709 994
Accounts receivable, net of allowance for doubtful accounts 1,356 1,463
Amounts due from related parties 4,600  
Inventories 7,357 8,481
Prepaid expenses and other current assets 3,619 5,811
Total current assets 57,377 55,557
Property and equipment, net 3,502 3,652
Intangible assets, net 8,516 9,890
Goodwill 27,922 28,169
Operating lease right-of-use assets 12,233  
Long-term rental deposits 778 1,131
Long-term investments 2,873 5,188
TOTAL ASSETS 113,201 103,587
Current Liabilities    
Accounts payable (including accounts payable of the consolidated VIEs without recourse to LightInTheBox Holding Co., Ltd. of $5 and $135 as of December 31, 2018 and 2019, respectively) 17,643 12,941
Amounts due to related parties 186 4,953
Convertible promissory notes   51,922
Advance from customers 21,731 17,732
Operating lease liabilities 3,470  
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to LightInTheBox Holding Co., Ltd. of $4,673 and $13,887 as of December 31, 2018 and 2019, respectively) 28,642 22,688
Total current liabilities 71,672 110,236
Operating lease liabilities 8,801  
Long-term payable 847 1,156
TOTAL LIABILITIES 81,320 111,392
(DEFICIT) / EQUITY    
Ordinary shares ($0.000067 par value; 750,000,000 shares authorized; 150,011,929 and 240,895,045 shares issued as of December 31, 2018 and 2019, respectively; 134,456,369 and 224,759,809 shares outstanding as of December 31, 2018 and 2019, respectively) 14 11
Additional paid-in capital 262,888 239,269
Forward contracts 15,769  
Treasury shares, at cost (13,525,810 and 14,011,790 shares as of December 31, 2018 and 2019, respectively) (27,512) (27,261)
Accumulated other comprehensive loss (1,444) (932)
Accumulated deficit (217,888) (218,887)
Non-controlling interests 54 (5)
TOTAL (DEFICIT) / EQUITY 31,881 (7,805)
TOTAL LIABILITIES AND (DEFICIT) / EQUITY $ 113,201 $ 103,587