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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,931 $ 13,009
Accounts receivable, net 2,454 63,155
Inventories, net 6,788 16,810
Deferred cost of revenues 3,736 507
Prepaid expenses and other current assets, net 27,016 15,817
Amounts due from discontinued operations 9,354 14,279
Current assets held for sale 2,555 10,233
Total current assets 53,834 133,810
Non-current assets:    
Property and equipment, net 305 504
Intangible assets, net 11,442 11,674
Deferred tax assets 639 523
Deferred cost of revenues 3,195 2,642
Other non-current assets 556 2,913
Non-current assets held for sale 10,421 10,945
Total non-current assets 26,558 29,201
Total assets 80,392 163,011
Current liabilities:    
Accounts payable 18,813 45,547
Accrued expenses and other payables 18,997 8,125
Advances from customers 5,446 3,623
Amount due to related parties-current 1,071
Deferred revenues 2,347 2,056
Income tax payable 968 1,232
Short-term bank and other borrowings 11,010 12,648
Long-term bank borrowings - current portion 5,770 5,432
Current liabilities held for sale (including current liability of the Consolidated VIEs without recourse to the primary beneficiary of $28,364 and $18,725 as of December 31, 2017 and 2018, respectively) 18,725 28,364
Total current liabilities 83,147 107,027
Non-current liabilities:    
Unrecognized tax benefits 2,020 2,121
Deferred tax liabilities 2,453 2,055
Deferred revenues 4,940 1,346
Long-term payables 6,663
Deferred government grants 1,864 1,957
Non-current liabilities held for sale (including non-current liability of the Consolidated VIEs without recourse to the primary beneficiary of $1,500 and $1,779 as of December 31, 2017 and 2018, respectively) 1,779 1,500
Total non-current liabilities 19,719 8,979
Total liabilities 102,866 116,006
Commitments and contingencies
Shareholders' equity (deficit):    
Ordinary shares (no par value; unlimited shares authorized; 30,804,635 shares and 31,307,522 shares issued and outstanding as of December 31, 2017 and 2018, respectively)
Additional paid-in capital 124,062 120,642
Statutory reserve 2,097 1,898
Accumulated deficit (146,194) (74,231)
Accumulated other comprehensive loss (2,143) (507)
Total Borqs Technologies, Inc. shareholders' equity (deficit) (22,178) 47,005
Noncontrolling interest (296) (797)
Total shareholders' equity (deficit) (22,474) 47,005
Total liabilities, noncontrolling interest and shareholders' equity (deficit) $ 80,392 $ 163,011