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Income Tax (Tables)
12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of Loss Before Income Taxes

Loss before income taxes consists of:

 

 

 

Year ended December 31,

 

 

 

2017

 

 

2018

 

 

2019

 

 

 

$

 

 

$

 

 

$

 

Cayman

 

 

3,887

 

 

 

1,218

 

 

 

(3,241

)

BVI

 

 

8

 

 

 

2

 

 

 

2

 

PRC

 

 

40,972

 

 

 

127,711

 

 

 

185,239

 

HK

 

 

6,240

 

 

 

7,778

 

 

 

3,271

 

US

 

 

 

 

 

2,351

 

 

 

9,786

 

AUST

 

 

(723

)

 

 

15

 

 

 

14

 

 

 

 

50,384

 

 

 

139,075

 

 

 

195,071

 

Schedule of Reconciliations of PRC Statutory Income Tax Rate and Group's Effective Income Tax Rate

Reconciliations of the differences between the PRC statutory income tax rate and the Group’s effective income tax rate for the years ended December 31, 2017, 2018 and 2019 are as follows:

 

 

 

Year ended December 31,

 

 

 

2017

 

 

2018

 

 

2019

 

Statutory income tax rate

 

 

25

%

 

 

25

%

 

 

25

%

Share-based compensations

 

 

(3.27

%)

 

 

(1.93

%)

 

 

(1.51

%)

Non-deductible expenses

 

 

(0.79

%)

 

 

(0.38

%)

 

 

(0.39

%)

Prior year tax filing adjustment

 

 

 

 

 

1.55

%

 

 

1.93

%

Effect of different tax rate of subsidiary

   operation in other jurisdictions

 

 

(3.06

%)

 

 

(0.76

%)

 

 

0.07

%

Preferential tax rate

 

 

 

 

 

 

 

 

(9.14

%)

Effect of change in tax rate

 

 

 

 

 

 

 

 

(9.15

%)

Changes in valuation allowance

 

 

(17.88

%)

 

 

(23.48

%)

 

 

(6.81

%)

Effective income tax rate

 

 

 

 

 

 

 

 

 

Schedule of Components of Deferred Tax Assets and Liabilities

The principal components of the deferred tax assets and liabilities are as follows:

 

 

 

Year ended December 31,

 

 

 

2017

 

 

2018

 

 

2019

 

 

 

$

 

 

$

 

 

$

 

Deferred tax assets:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation of property and equipment, net

 

 

6

 

 

 

15

 

 

 

57

 

Government grants

 

 

188

 

 

 

187

 

 

 

325

 

Net operating loss forwards

 

 

17,075

 

 

 

49,726

 

 

 

62,833

 

Less: valuation allowance

 

 

(17,269

)

 

 

(49,928

)

 

 

(63,215

)

Deferred tax assets, net

 

 

 

 

 

 

 

 

 

Schedule of Movement of Valuation Allowance

Movement of the valuation allowance is as follows:

 

 

 

2018

 

 

2019

 

 

 

$

 

 

$

 

Balance as of January 1,

 

 

(17,269

)

 

 

(49,928

)

Additions

 

 

(32,659

)

 

 

(13,287

)

Balance as of December 31,

 

 

(49,928

)

 

 

(63,215

)