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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net loss $ (1,140,000) $ (570,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 38,000 216,000
Amortization of operating lease right-of-use assets 84,000
Share-based compensation expenses 101,000 75,000
Provision for allowances for doubtful accounts 192,000 481,000
Impairment on long-term investments 471,000
Deferred taxes 39,000 (4,000)
Change in fair value of warrant liabilities 350,000 (1,474,000)
Changes in operating assets and liabilities    
Accounts receivable (547,000) 3,413,000
Prepayment and deposit to suppliers 22,000 (1,178,000)
Due from related parties 27,000 3,000
Other current assets 10,000 (47,000)
Accounts payable (1,833,000) (2,105,000)
Advances from customers 562,000 (1,668,000)
Accrued payroll and other accruals 114,000 147,000
Other current liabilities (115,000) (553,000)
Taxes payable 65,000 (92,000)
Prepaid lease payment (11,000)
Net cash used in operating activities (2,270,000) (3,179,000)
Cash flows from investing activities    
Payment for purchase of office equipment (1,000)
Investment to an ownership investee company (36,000)
Short-term loan to an unrelated party (2,000,000)
Collection of short-term loan from an unrelated party 2,672,000
Payment for acquisition of noncontrolling interest (1,179,000)
Payment for blockchain application platform development costs (1,200,000)
Purchase of software technology (448,000)
Net cash used in investing activities (36,000) (2,156,000)
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 (493,000)
Proceeds from short-term bank loan 445,000
Repayment of short-term bank loan (445,000)
Net cash provided by financing activities 9,770,000
Effect of exchange rate fluctuation on cash and cash equivalents 47,000 116,000
Net /(decrease)/increase in cash, cash equivalents, and restricted cash (2,259,000) 4,551,000
Cash, cash equivalents, and restricted cash at beginning of the period 3,742,000 2,952,000
Cash, cash equivalents, and restricted cash at end of the period 1,483,000 7,503,000
Supplemental disclosure of cash flow information    
Income taxes paid
Interest expense paid $ 13,000 $ 127,000