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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of estimated useful lives of property and equipment

		Useful lives
Leasehold improvements		Lesser of the lease term or estimated useful life of the assets
Furniture, fixtures and office equipment		0.2 - 5	years
Software and IT equipment		0.1 - 3	years
Vehicles		0.6 - 9	years

Schedule of estimated useful lives of identifiable intangible assets

		Useful lives
Domain name/Trade name		Indefinite life
Technology		3-5	years
Members		4	years
Branding		10	years
In-progress orders		0.1	year

Schedule of changes in contract liability

		For the year ended
		December 31, 2018			December 31, 2019
Contract liability as of January 1		$	5,248		10,246
Cash received in advance, net of VAT			199,899		240,460
Revenue recognized from opening balance of contract liability			(5,248)		(10,246)
Revenue recognized from contract liability arising during current year			(189,653)		(226,130)
Contract liability as of December 31		$	10,246		14,330

Schedule of liabilities measured at fair value on a recurring basis

		December 31, 2018
		Level 1			Level 2			Level 3			Total Fair Value
Liabilities:
Convertible promissory notes		$	—		$	—		$	51,922		$	51,922

ASU 2016-02

Schedule of the impact of adoption of the new revenue standard requirements on the consolidated balance sheet

				Adjustments due
		Balance as of		to the adoption of		Balance as of
		December 31, 2018		ASU 2016-02		January 1, 2019
Assets:
Prepaid expenses and other current assets		5,811		(257)		5,554
Operating lease right-of-use assets		—		6,263		6,263
Liabilities:
Operating lease liabilities (current)		—		3,752		3,752
Operating lease liabilities (non-current)		—		2,360		2,360
Accrued expenses and other current liabilities		22,688		(106)		22,582

				Effect of the
				adoption of ASU
		Legacy		2016-02		Balance as of
		GAAP		Higher/(lower)		December 31, 2019
Assets:
Prepaid expenses and other current assets		4,141		(522)		3,619
Operating lease right-of-use assets		—		12,233		12,233
Liabilities:
Operating lease liabilities (current)		—		3,470		3,470
Operating lease liabilities (non-current)		—		8,801		8,801
Accrued expenses and other current liabilities		29,202		(560)		28,642

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- Definition

Tabular disclosure of the useful life of long-lived, physical assets which are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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Tabular disclosure of contract balances and changes in contract balances.

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