v2.4.1.9
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2014
INCOME TAXES [Abstract]  
Schedule of Income before Income Taxes

 

      Year ended December 31,  
      2012     2013     2014  
                     
  Domestic   $ (3,182 )   $ (522 )   $ (40,612 )
  Foreign     1,703       1,311       7,887  
      $ (1,479 )   $ 789     $ (32,725 )

 

Schedule of Income Tax Expense
      Year ended December 31,  
      2012     2013     2014  
                     
  Current tax   $ 318     $ 124     $ 1,780  
  Deferred tax     454       279       (3,576 )
      $ 772     $ 403     $ (1,796 )

 

Schedule of Deferred Tax Assets and Liabilities

 

      At December 31,  
      2013     2014  
  Expenditures deductible for tax purpose in future years                
  - Accrued legal and professional fees   $ 30     $ 14  
  - Accrued bonus     165       56  
  - Other     238       1,098  
  Tax losses     5,217       9,516  
  Depreciation and amortization     82       64  
  Total deferred tax assets   $ 5,732     $ 10,748  
  Valuation allowance     (5,217 )     (9,516 )
  Deferred tax assets     515       1,232  
                   
  Interest income taxable for tax purpose in future years     (343 )     (160
  Deferred tax liability arising from withholding tax on undistributed profits     (3,589 )     (919 )
  Total deferred tax liabilities     (3,932 )     (1,079
  Deferred tax (liabilities) assets, net   $ (3,417 )   $ 153  

 

Schedule of Deferred Tax Balances

 

      At December 31,  
      2013     2014  
  Deferred tax assets                
  Current   $ 416     $ 1,179  
  Non-current     99       53  
      $ 515     $ 1,232  
  Deferred tax liabilities                
  Current   $ (343 )   $ (160
  Non-current     (3,589 )     (919
        (3,932 )     (1,079
  Deferred tax (liabilities) assets, net   $ (3,417 )   $ 153  
Schedule of Valuation Allowance on Deferred Assets

 

      2012     2013     2014  
                     
  At the beginning of the year   $ 1,912     $ 3,535     $ 5,217  
  Change for the year     1,623       1,682       4,299  
  At the end of the year   $ 3,535     $ 5,217     $ 9,516  

 

Schedule of Effective Income Tax Rate Reconciliation

 

    Year ended December 31,  
    2012     2013     2014  
                   
PRC tax rate     25 %     25 %     25 %
Tax (credit) provision at PRC enterprise income tax rate   $ (370 )   $ 197     $ (8,181 )
Expenses not deductible for tax purpose     1,224       403       3,701  
Share-based compensation not deductible for tax purpose     366       123       11  
Income not taxable for tax purposes     (599 )     (1,005 )     (5,146
Net change in valuation allowance     1,623       1,682       4,299  
Effect of tax exemption and preferential income tax rate granted to PRC subsidiaries     (911 )     (930 )     3,857  
Effect of the different income tax rates in other jurisdictions     21       204       301  
Effect of withholding tax on undistributed earnings     349       400       (762 )
Effect of withholding tax on American Depository Shares ("ADS") reimbursement income     150       -       -  
Utilization of tax loss previously not recognized     (979 )     (685 )     -  
Overprovision in prior year     (81 )     (78 )     (90
Others     (21 )     92       214  
Income tax expense   $ 772     $ 403     $ (1,796 )