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ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables) | 12 Months Ended
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Dec. 31, 2020
ORGANIZATION AND PRINCIPAL ACTIVITIES |
Schedule of loss per share before and after the retrospective adjustments | ​
​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31
​ | ​ | 2018
​ |  | Before |  | After
​ | ​ | adjustment | ​ | adjustment
Net loss per share attributable to KAH's shareholders – basic and diluted: |  |  |  |
Loss per share from continuing operations |  | (0.56) |  | (3.56)
Loss per share from discontinued operations |  | (0.00) |  | (0.02)
Net loss per share attributable to Kaixin Auto Holdings’ shareholders – basic and diluted |  | (0.56) |  | (3.58)
Schedule of Assets and liabilities of KAH upon the consummation of the SPAC Transaction | ​
​ | ​ | ​ | ​
Cash |  | $ | 6
Prepaid expenses and other current assets |  | ​ | 123
Amounts due to Renren Inc. |  | ​ | (1,050)
Amounts due to SVF |  | ​ | (2,614)
Other liabilities |  | ​ | (1,512)
Net liabilities assumed by KAG as of April 30, 2019 | ​ | $ | (5,047)
Summary of subsidiaries, VIEs and VIEs' major subsidiaries | ​ As of December 31, 2020, Kaixin Auto Holdings’ major subsidiaries, VIEs and VIEs’ major subsidiaries are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Percentage of |  | ​
​ | ​ | Later of date | ​ | ​ | ​ | legal ownership | ​ | ​
​ | ​ | of incorporation | ​ | Place of | ​ | by Kaixin Auto | ​ | ​
Name of Subsidiaries | ​ | or acquisition | ​ | incorporation |  | Holdings | ​ | Principal activities
Major subsidiaries: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Kaixin Auto Group | ​ | January 25, 2018 | ​ | Cayman Islands | ​ | 100% | ​ | Investment holding
Renren Finance, Inc. |  | December 15, 2014 |  | Cayman Islands |  | 100% | ​ | Internet business
Jet Sound Hong Kong Company Limited | ​ | May 7, 2011 |  | Hong Kong |  | 100% | ​ | Investment holding
Shanghai Renren Financial Leasing Co., Ltd. (“Shanghai Financial”) | ​ | May 25, 2015 |  | PRC |  | 100% | ​ | Financing business
Shanghai Renren Automotive Technology Group Co., Ltd. (“Shanghai Auto”) | ​ | August 18, 2017 |  | PRC |  | 100% | ​ | Investment holding
Shanghai Lingding Automobile Technology Co., Ltd. | ​ | March 3, 2018 | ​ | PRC | ​ | 100% | ​ | Used car trading business
Variable Interest Entities: | ​ | ​ |  |  | ​ | ​ |  |
Shanghai Qianxiang Changda Internet Information Technology Development Co., Ltd. (“Shanghai Changda”) | ​ | October 25, 2010 |  | PRC |  | N/A |  | Internet business
Shanghai Jieying Automobile Sales Co., Ltd. (“Shanghai Jieying”) | ​ | February 27, 2017 |  | PRC |  | N/A |  | Used car trading business
Major subsidiaries of Variable Interest Entities: | ​ | ​ |  |  | ​ | ​ |  |
Beijing Kirin Wings Technology Development Co., Ltd. | ​ | January 16, 2013 |  | PRC |  | N/A |  | Financing business
Shanghai Wangjing Investment Management Co., Ltd | ​ | April 20, 2015 |  | PRC |  | N/A |  | Financing business
Jieying Baolufeng Automobile Sales (Shenyang) Co., Ltd. | ​ | June 14, 2017 |  | PRC |  | N/A |  | Used car trading business
Chongqing Jieying Shangyue Automobile Sales Co., Ltd. | ​ | July 3, 2017 |  | PRC |  | N/A |  | Used car trading business
Dalian Yiche Jieying Automobile Sales Co., Ltd. | ​ | June 27, 2017 |  | PRC |  | N/A |  | Used car trading business
Neimenggu Jieying Kaihang Automobile Sales Co., Ltd. | ​ | July 14, 2017 |  | PRC |  | N/A |  | Used car trading business
Hangzhou Jieying Yifeng Automobile Sales Co., Ltd. | ​ | August 1, 2017 |  | PRC |  | N/A |  | Used car trading business
Jilin Jieying Taocheguan Automobile Sales Co., Ltd. | ​ | October 31, 2017 |  | PRC |  | N/A |  | Used car trading business
Cangzhou Jieying Bole Automobile Sales Co., Ltd. | ​ | August 10, 2017 |  | PRC |  | N/A |  | Used car trading business
Wuhan Jieying Chimei Automobile Sales Co., Ltd. | ​ | November 20, 2017 |  | PRC |  | N/A |  | Used car trading business
Shanxi Jieying Weilan Automobile Sales and Service Co., Ltd. | ​ | March 13, 2018 |  | PRC |  | N/A |  | Used car trading business
Summary of financial statement balances and amounts of the Company's VIEs were included in the accompanying consolidated financial statements | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of December 31,
​ | ​ | 2019 | ​ | 2020
Cash | ​ | $ | 1,080 | ​ | $ | 108
Accounts receivable | ​ |  | 203 | ​ |  | —
Prepaid expenses and other current assets | ​ |  | 27,083 | ​ |  | 43,536
Inventory | ​ |  | 20,598 | ​ |  | —
Total current assets | ​ |  | 48,964 | ​ |  | 43,644
Property and equipment, net | ​ |  | 146 | ​ |  | 41
Right-of-use assets | ​ |  | 1,691 | ​ | ​ | 73
Total non-current assets | ​ |  | 1,837 | ​ |  | 114
Total assets | ​ | $ | 50,801 | ​ | $ | 43,758
Accounts payable | ​ | $ | 4,035 | ​ | $ | 306
Short-term debt (including short-term debt of the consolidated VIEs with recourse to Kaixin Auto Holdings of $7,900 and $nil as of December 31, 2019 and 2020, respectively) | ​ |  | 14,630 | ​ |  | 13,116
Accrued expenses and other current liabilities | ​ |  | 13,770 | ​ |  | 12,394
Amounts due to related parties | ​ |  | — | ​ |  | 2,725
Advance from customers | ​ |  | 1,622 | ​ |  | —
Income tax payable | ​ |  | 4,469 | ​ |  | 3,391
Deferred revenue | ​ |  | — | ​ |  | 1,862
Lease liabilities - current | ​ | ​ | 1,224 | ​ | ​ | 39
Total current liabilities | ​ |  | 39,750 | ​ |  | 33,833
Lease liabilities - non-current | ​ |  | 810 | ​ | ​ | 26
Total non-current liabilities | ​ |  | 810 | ​ |  | 26
Total liabilities | ​ | $ | 40,560 | ​ | $ | 33,859
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Years ended December 31,
​ | ​ | 2018 | ​ | 2019 | ​ | 2020
Revenues | ​ | $ | 428,492 | ​ | $ | 332,629 | ​ | $ | 32,823
Net loss | ​ | $ | (38,561) | ​ | $ | (2,151) | ​ | $ | (653)
Loss from discontinued operations | ​ | $ | (594) | ​ | $ | — | ​ | $ | —
​ ​ 1. ORGANIZATION AND PRINCIPAL ACTIVITIES (cont.) (d) The VIE arrangements (cont.) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Years ended December 31,
​ | ​ | 2018 | ​ | 2019 | ​ | 2020
Net cash used in operating activities | ​ | $ | (8,433) | ​ | $ | (3,948) | ​ | $ | (395)
Net cash used in investing activities | ​ | $ | (9,980) | ​ | $ | (68) | ​ | $ | —
Net cash provided by (used in) financing activities | ​ | $ | 22,193 | ​ | $ | (1,205) | ​ | $ | (634)
​

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