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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended 23 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Cash flows from operating activities      
Net loss $ (1,270,000) $ (14,127,000)  
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 170,000 541,000  
Amortization of operating lease right-of-use assets 90,000  
Share-based compensation expenses 393,000 233,000  
Provision of allowances for doubtful accounts 2,335,000 1,523,000  
Impairment on intangible assets 3,330,000  
Impairment on goodwill 5,211,000  
Impairment on long-term investments 453,000  
Change in fair value of warrant liabilities (499,000) (1,669,000)  
Deferred taxes (168,000) 764,000  
Changes in operating assets and liabilities      
Accounts receivable 699,000 (232,000)  
Prepayment and deposit to suppliers (5,221,000) 1,345,000  
Due from related parties 145,000 (178,000)  
Other current assets 7,000 25,000  
Accounts payable (2,441,000) 161,000  
Advances from customers 973,000 (2,414,000)  
Accrued payroll and other accruals 27,000 28,000  
Other current liabilities 110,000 (307,000)  
Taxes payable 265,000 (20,000)  
Prepaid lease payment (10,000)  
Lease payment liability related to short-term leases 138,000  
Net cash used in operating activities (4,311,000) (5,389,000)  
Cash flows from investing activities      
Payment for office equipment (11,000)  
(Investment to)/withdraw investment from investees (36,000) 453,000  
Short-term loan to unrelated parties (2,107,000)  
Collection of short-term loan from unrelated parties 4,676,000  
Payment for acquisition of noncontrolling interest (1,889,000)  
Payment for blockchain platform applications development costs (160,000) (3,738,000) $ (3,880,000)
Payment for purchase of software technology and other intangible assets (1,962,000) (431,000)  
Net cash used in investing activities (2,158,000) (3,047,000)  
Cash flows from financing activities      
Proceeds from issuance of common stock and warrant (net of cash offering cost of US$15 and US$809, respectively) 4,787,000 10,263,000  
Repayment to investors related to terminated security purchase agreements (922,000)  
Proceeds from short-term bank loan 435,000 907,000  
Repayment of short-term bank loan (870,000) (756,000)  
Net cash provided by financing activities 4,352,000 9,492,000  
Effect of exchange rate fluctuation on cash, cash equivalents, and restricted cash (22,000) (266,000)  
Net (decrease)/increase in cash, cash equivalents and restricted cash (2,139,000) 790,000  
Cash, cash equivalents, and restricted cash at beginning of the year 3,742 2,952  
Cash, cash equivalents, and restricted cash at end of the year 1,603 3,742 $ 1,603
Supplemental disclosure of cash flow information      
Income taxes paid  
Interest expense paid $ 42,000 $ 157,000