XML 16 R9.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (24,642) $ 2,049 $ 2,959
Adjustments to reconcile net income (loss) to net cash generated from operating activities:      
Depreciation of property, plant and equipment 971 884 708
Amortization of intangible assets 1,121 1,150 1,112
Reduction in the carrying amount of the right-of-use assets 3,609 3,802 3,196
Share-based compensation 272 189 507
Change in allowance for doubtful accounts receivable and other receivables (34) 81 136
Loss on disposal of property, plant and equipment 20 80 68
Impairment of intangible assets 3,505 0 0
Impairment loss on goodwill 19,156 0 0
Deferred tax benefit (808) (184) (187)
Changes in operating assets and liabilities, net of the effect of acquisition:      
Accounts receivable 69 (198) 466
Amount due from related parties 1,477 2,345 532
Inventories 20 (47) (4)
Prepaid expenses and other current assets (24) (50) 400
Prepayments to related parties (99) (910)  
Other non-current assets 519 706 (784)
Prepayments from customers 53    
Accrued expenses and other current liabilities 367 (117) (751)
Accrued expenses and other current liabilities - related parties 215 16 (395)
Operating lease liabilities (3,577) (3,803) (3,500)
Income tax payable (304) 427 550
Deferred revenue 90 243 (114)
Other non-current liabilities 478 (93) 1,263
Net cash generated from operating activities 2,454 6,570 6,162
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of businesses, net of cash acquired     (417)
Purchase of property, plant and equipment (1,675) (1,663) (849)
Amount due from related parties (4,660) (2,836) (934)
Net cash used in investing activities (6,335) (4,499) (2,200)
CASH FLOWS FROM FINANCING ACTIVITIES      
Acquisition of additional equity interest from non-controlling shareholders (721) (1,206)  
Dividend to shareholder (4,203)    
Dividend to non-controlling interests (762)    
Net cash (used in) financing activities (5,686) (1,206)  
Exchange rate effect on cash and cash equivalents, and restricted cash (195) 24 (714)
Net (decrease) increase in cash and cash equivalents, and restricted cash (9,762) 889 3,248
Cash and cash equivalents, and restricted cash at beginning of the year 30,272 29,383 26,135
Cash and cash equivalents, and restricted cash at end of the year 20,510 30,272 $ 29,383
Supplemental schedule of cash flow information      
income tax paid $ 303 $ 199