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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities    
Net loss $ (14,127,000) $ (10,011,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 541,000 1,422,000
Share-based compensation expenses 233,000 2,271,000
Provision of allowances for doubtful accounts 1,523,000 1,462,000
Impairment on intangible assets 3,330,000 2,552,000
Impairment on goodwill 5,211,000 0
Impairment on long-term investments 453,000 44,000
Change in fair value of warrant liabilities (1,669,000)
Loss on disposal of fixed assets 2,000
Deferred taxes 764,000 251,000
Changes in operating assets and liabilities    
Accounts receivable (232,000) (4,848,000)
Other receivables 25,000 78,000
Prepayment and deposit to suppliers 1,345,000 948,000
Due from related parties (178,000) (7,000)
Accounts payable 161,000 2,654,000
Advances from customers (2,414,000) 1,985,000
Accrued payroll and other accruals 28,000 141,000
Other payables (307,000) (58,000)
Taxes payable (20,000) 76,000
Net cash used in operating activities (5,389,000) (1,320,000)
Cash flows from investing activities    
Payment for office equipment (11,000) (4,000)
Withdraw long-term investment in an ownership interest investee 453,000 444,000
Short-term loan to unrelated parties (2,107,000) (2,814,000)
Collection of short-term loan from unrelated parties 4,676,000 296,000
Payment for acquisition of noncontrolling interest (1,889,000)
Payment for blockchain application platform development costs (3,738,000)
Purchase of software technology (431,000)
Net cash used in investing activities (3,047,000) (2,078,000)
Cash flows from financing activities    
Proceeds from issuance of common stock and warrant (net of cash offering cost of US$809) 10,263,000
Repayment to investors related to terminated security purchase agreements (922,000) 0
Proceeds from short-term bank loan 907,000 741,000
Repayment of short-term bank loan (756,000) (741,000)
Net cash provided by financing activities 9,492,000
Effect of exchange rate fluctuation on cash, cash equivalents, and restricted cash (266,000) 259,000
Net increase/(decrease) in cash, cash equivalents and restricted cash 790,000 (3,139,000)
Cash, cash equivalents, and restricted cash at beginning of the year 2,952,000 6,091,000
Cash, cash equivalents, and restricted cash at end of the year 3,742,000 2,952,000
Supplemental disclosure of cash flow information    
Income taxes paid
Interest expense paid 157,000 38,000
Non-cash transactions:    
Payable for purchasing of software technologies $ 436,000