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INCOME TAXES (Tables)

12 Months Ended

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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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.

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-Publisher FASB
-Name Accounting Standards Codification
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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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