XML 44 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (63,821) $ (40,333) $ (57,474)
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation expenses 77 77 48
Share-based compensation 8,194 2,101 6,560
Non-cash operating lease expense 659 650  
Other income from government grant (307)
Changes in assets and liabilities:      
Advances to suppliers 1,014 (3,310) 316
Due from related parties 481 (481)
Prepaid expenses and other current assets 52 (137) (28)
Other noncurrent assets (334) (36) (549)
Accounts payable (321) (7,049) 6,207
Accrued expenses (291) 366 4,688
Operating lease liabilities (621) (697)  
Other current liabilities 2,372 (275) 1,065
Deferred revenue 9,275
Net cash used in operating activities (43,745) (48,162) (39,955)
Cash flows from investing activities:      
Acquisitions of property and equipment (52) (4) (207)
Proceeds from maturity of short-term investments 3,074
Net cash provided by (used in) investing activities (52) (4) 2,867
Cash flows from financing activities:      
Proceeds from issuance of ordinary shares, net of underwriting discounts and commissions 112,577 69,454 14,000
Proceeds from issuance of redeemable noncontrolling interests, net of issuance cost 5,233
Capital contribution from noncontrolling interests 80 10,083
Proceeds from Forward 278
Payments of offering costs (939) (888) (755)
Proceeds from loans 635 2,986
Proceeds from related party borrowings 35 5,894
Repayments of loans (1,493)
Repayments of related party borrowings (64) (5,865)
Net cash provided by financing activities 117,835 80,171 13,245
Effect of foreign exchange rate changes (434) 39 251
Net (decrease) increase in cash and cash equivalents 73,604 32,044 (23,592)
Cash and cash equivalents at beginning of year 35,933 3,889 27,481
Cash and cash equivalents at end of year 109,537 35,933 3,889
Supplemental disclosures of cash flow information:      
Interest paid 85 202
Interest received 166 131 234
Non-cash activities:      
Operating right-of-use assets obtained in exchange for operating lease liabilities $ 295