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Condensed Consolidated Statements of Cash Flows - KRW (₩)
₩ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income (loss) ₩ 108,409 ₩ (10,550) ₩ (1,138,660) ₩ (2,650,990)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization 29,001 29,256 116,482 123,184
Pension plan expenses 55,668 54,229 216,916 237,779
Bad debt     18,255
Deferred income taxes (1,621) (2,930) 16,850 (9,118)
Warrants issued for professional service     614,350
Payroll offset against loan to affiliate     10,140
Foreign currency loss 1,568 (1,534) 6,825 (5,506)
Changes in operating assets and liabilities:        
Accounts receivable (34,939) (5,154) (65,998) (191,811)
Inventories (54,718) (31,896) (1,017) 225,090
Other current assets 6,582 (1,758) 16,478 3,885
Deposits 20,300 17,300 (32,702)
Accounts payable (192,144) (381,746) 256,997 178,964
Nontrade payables 209,477 34,506 175,562 (35,830)
Other current liabilities 18,695 13,434 45,027 (94,567)
Pension benefits payments (8,926) (22,081) (42,877) (146,893)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 137,052 (305,925) (380,115) (1,755,770)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Increase in loans to related parties     (225,101)
Decrease in loans to related parties 163,962 164,000 213,297
Purchase of short-term financial instruments (9,000) (76,000) (273,000)
Proceeds from disposals of short-term financial instruments 281,000 300,251
Purchase of property and equipment     (51,424)
Purchase of intangible assets     (2,395)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (9,000) 444,962 388,251 (338,623)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from private placement, net   557,336 559,931 2,086,936
Drawdown of short-term borrowings 12,669 42,281 1,459,992
Repayment of short-term borrowings (35,455) (309,736) (480,873) (1,302,830)
Repayment of current portion of long-term debt (47,390) (30,000) (225,240) (120,000)
Borrowings of long-term debt     100,000 200,000
Advances from a related party     3,470
Increase in loans from related parties 200,100 111,826 188,016
Repayment of loans from related parties (189,047) (4,607) (210,655) (206,080)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (71,792) 337,488 (26,540) 2,121,488
Effect of exchange rate on cash and cash equivalents (1,195) (10,031) 35,494 (75,750)
NET INCREASE IN CASH AND CASH EQUIVALENTS 55,065 466,494 17,090 (48,655)
CASH AND CASH EQUIVALENTS- beginning of period 126,406 109,316 109,316 157,971
CASH AND CASH EQUIVALENTS- end of period 181,471 575,810 126,406 109,316
Cash paid for:        
Interest 39,723 40 162,401 235,408
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Offsetting long-term debts and deposits     95,749
Conversion of redeemable convertible preferred stock to common stock     636,007
Exchange of debt for common stock     4,759,322
Refinancing of short-term borrowings     ₩ 1,828,000
Recognition of right-of-use assets and lease liabilities 107,387    
Increase in loans from related parties due to payment of general expenses by related parties ₩ 14,246