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Additional Information-Financial Statement Schedule I Condensed Financial Information of Parent Company (Tables)

12 Months Ended

Dec. 31, 2020

Additional Information-Financial Statement Schedule I Condensed Financial Information of Parent Company

BALANCE SHEETS

​

​	​	​	​	​	​	​
​	​	As of December 31,
​		2019			2020
ASSETS		​			​
Current assets:		​			​
​	​	​	​	​	​	​
Cash	​	$	40	​	$	3,005
Total current assets	​	​	40	​	​	3,005
Investment in subsidiaries	​		899	​		—
TOTAL ASSETS	​	$	939	​	$	3,005
LIABILITIES AND EQUITY	​			​
Current liabilities:	​			​
Accrued expenses	​		1,211	​		711
Amounts due to subsidiaries	​	​	1,684	​	​	—
Amounts due to related parties	​		2,614	​		—
Warrant liabilites	​	​	—	​	​	1,690
Total current liabilities	​		5,509	​		2,401
Non-current liabilities:	​	​	​	​	​	​
Deficit of investment in subsidiaries	​		—	​		659
Total non-current liabilities	​		—	​		—
TOTAL LIABILITIES	​	$	5,509	​	$	3,060
​	​	​	​	​	​	​
Deficit:	​			​
Ordinary shares	​	$	5	​	$	6
Additional paid-in capital	​		186,450	​		196,335
Accumulated deficit	​		(188,185)	​		(193,488)
Accumulated other comprehensive income (loss)	​		(2,840)	​		(2,908)
Total deficit	​		(4,570)	​		(55)
TOTAL LIABILITIES AND DEFICIT	​	$	939	​	$	3,005

STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

​

​	​	​	​	​	​	​	​	​	​
​	​	Years ended December 31,
​		2018			2019			2020
Selling and marketing	​	$	(1,504)	​	$	—	​	$	—
Research and development		​	(107)		​	—		​	—
General and administrative		​	(11,505)		​	(371)		​	(3,745)
Total operating expenses		​	(13,116)		​	(371)		​	(3,745)
Equity in loss of subsidiaries and variable interest entities		​	(76,099)		​	(45,745)		​	(899)
Net loss	​	$	(89,215)	​	$	(46,116)	​	$	(4,644)
Other comprehensive income (loss), net of tax:	​		​	​	​	​	​	​	​
Foreign currency translation	​	​	404	​		(4,222)	​		(68)
Other comprehensive income (loss)	​	$	404	​	$	(4,222)	​	$	(68)
Comprehensive loss	​	$	(88,811)	​	$	(50,338)	​	$	(4,712)

STATEMENTS OF CASH FLOWS

​

​	​	​	​	​	​	​	​	​	​
​		Years ended December 31,
​	​	2018		​	2019		​	2020
Cash flows from operating activities:	​	​	​	​	​	​	​	​	​
Net loss	​	$	(89,215)	​	$	(46,116)	​	$	(5,302)
Equity in loss of subsidiaries and variable interest entities	​		76,099	​		45,745	​		899
Share-based compensation	​		11,436	​		—	​		3,362
Changes in operating assets and liabilities:	​	​	​	​	​	​	​	​	​
Amounts due from/to related parties	​		173	​		(20,980)	​		—
Accrued expenses and other payables	​		581	​		(292)	​		2,347
Prepaid expenses and other current assets	​	​	—	​	​	123	​	​	—
Net cash used in operating activities	​		(926)	​		(21,520)	​		1,306
Cash flows from investing activities:	​	​	​	​	​	​	​	​	​
Repayment of investment in subsidiaries	​	​	—	​	​	1,586	​	​	(2,340)
Net cash provided by investing activities	​		—	​		1,586	​		(2,340)
Cash flows from financing activities:	​	​	​	​	​	​	​	​	​
Proceeds from borrowings	​		500	​		—	​		—
Repayment of borrowings	​		(500)	​		—	​		—
Proceeds of advances from related parties	​		950	​		—	​		—
Repayment of advances from related parties	​		—	​		(1,050)	​		—
Proceeds from convertible loans	​	​	—	​	​	21,000	​	​	—
Proceeds from preferred shares	​	​	—	​	​	—	​	​	3,000
Proceeds from investors	​	​	—	​	​	—	​	​	1,000
Net cash provided by financing activities	​		950	​		19,950	​		4,000
Net increase in cash	​		24	​		16	​		2,965
Cash at beginning of year	​		—	​		24	​		40
Effect of exchange rate changes	​	​	—	​	​	—	​	​	—
Cash at end of year	​	$	24	​	$	40	​	$	3,005

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