XML 63 R40.htm IDEA: XBRL DOCUMENT
v3.21.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
INCOME TAXES |
Schedule of current and deferred component of income tax expenses (benefit) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31,
​ |  | 2018 |  | 2019 |  | 2020
Current income tax expense (benefit) | ​ | $ | 862 | ​ | $ | (1,920) | ​ | $ | (1,528)
Deferred income tax expense | ​ |  | — | ​ |  | — | ​ |  | —
Total income tax expense (benefit) | ​ | $ | 862 | ​ | $ | (1,920) | ​ | $ | (1,528)
Schedule of principal components of the deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ |  | 2019 |  | 2020
Deferred tax assets | ​ | ​ | ​ | ​ | ​ | ​
Provision for doubtful accounts | ​ | $ | 2,165 | ​ | $ | 2,249
Inventory | ​ | ​ | 4,510 | ​ | ​ | 4,510
Prepaid expenses and other current assets | ​ | ​ | 5,629 | ​ | ​ | 4,865
Property and equipment, net | ​ | ​ | 124 | ​ | ​ | 124
Accrued payroll and welfare | ​ |  | 107 | ​ |  | 119
Accrued liabilities | ​ |  | 345 | ​ |  | 357
Advertising fee | ​ |  | 5 | ​ |  | 6
Employee education fee | ​ |  | 13 | ​ |  | 13
Net operating loss carry forwards | ​ |  | 10,738 | ​ |  | 12,811
Total Deferred tax assets | ​ | $ | 23,636 | ​ | $ | 25,054
Less: valuation allowance | ​ |  | (23,636) | ​ |  | (25,054)
Deferred income tax assets, net | ​ | $ | — | ​ | $ | —
Deferred income liabilities | ​ | $ | — | ​ | $ | —
Net Deferred income tax assets | ​ | $ | — | ​ | $ | —
Schedule of reconciliation between statutory income tax expense and actual income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31, |
​ |  | 2018 |  | 2019 |  | 2020 |
Loss before provision of income tax | ​ | $ | (88,076) | ​ | $ | (70,988) | ​ | $ | (6,848) | ​
PRC statutory income tax rate | ​ |  | 25 | % |  | 25 | % |  | 25 | %
Income tax at statutory tax rate | ​ |  | (22,019) | ​ |  | (17,747) | ​ |  | (1,712) | ​
Accrual (reversal) of taxable deemed interest income from inter-company interest-free loans | ​ |  | 2,108 | ​ |  | (2,259) | ​ |  | (1,593) | ​
Impairment of goodwill | ​ | ​ | — | ​ | ​ | 18,523 | ​ | ​ | — | ​
Fair value change on contingent consideration | ​ | ​ | — | ​ | ​ | (16,399) | ​ | ​ | — | ​
Non-taxable income | ​ | ​ | — | ​ | ​ | (234) | ​ | ​ | — | ​
Non-deductible loss and other expenses not deductible for tax purposes | ​ |  | 15,644 | ​ |  | 298 | ​ |  | 109 | ​
Effect of income tax rate differences in jurisdictions other than the PRC | ​ |  | 3,234 | ​ |  | 2,313 | ​ |  | 1,128 | ​
Effect of tax holiday | ​ |  | (53) | ​ |  | 305 | ​ |  | 147 | ​
Tax effect of tax rate change | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,025) | ​
Changes in valuation allowance | ​ |  | 1,948 | ​ |  | 13,280 | ​ |  | 1,418 | ​
Income tax expenses | ​ | $ | 862 | ​ | $ | (1,920) | ​ | $ | (1,528) | ​
Summary of rollforward of valuation allowances of deferred tax assets | ​
​ | ​ | ​ | ​
​ |  | Year Ended December 31, 2020
Balance as of beginning of year | ​ | $ | 23,636
Additions of valuation allowance | ​ |  | 546
Utilization of deferred tax assets | ​ |  | (153)
Change in tax rate | ​ | ​ | 1,025
Balance as of the end of the year | ​ | $ | 25,054

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration