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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 33,160 $ 334,697 $ 431,404
Cost of revenues:      
Total cost of revenues 32,160 340,174 413,971
Gross profit (loss) 1,000 (5,477) 17,433
Operating expenses:      
Selling and marketing 2,588 14,364 24,077
Research and development 757 3,357 4,419
General and administrative 6,832 36,145 23,012
Recoverable of detained and impaired assets 2,921    
Impairment of goodwill   74,091  
Total operating expenses 7,256 127,957 51,508
Loss from operations (6,256) (133,434) (34,075)
Other (expenses) income 586 840 (812)
Fair value change of contingent consideration   65,594 (49,503)
Interest income 5 69 575
Interest expenses (1,183) (4,057) (4,261)
Loss before provision of income tax and noncontrolling interest (6,848) (70,988) (88,076)
Income tax (expenses) benefit 1,528 1,920 (862)
Loss from continuing operations (5,320) (69,068) (88,938)
Discontinued operations:      
Loss from discontinued operations, net of income taxes of $nil, $nil and $nil for the years ended December 31, 2018, 2019 and 2020     (594)
Net loss (5,320) (69,068) (89,532)
Net loss attributable to the noncontrolling interest (17) (22,952) (317)
Net loss from continuing operations attributable to Kaixin Auto Holdings' shareholders (5,303) (46,116) (88,621)
Net loss from discontinued operations attributable to Kaixin Auto Holdings' shareholders     (594)
Net loss attributable to Kaixin Auto Holdings' shareholders $ (5,303) $ (46,116) $ (89,215)
Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share - basic and diluted(i) [1] 41,715,834 33,146,593 24,984,300
Net loss per share attributable to Kaixin Auto Holdings' shareholders - basic and diluted(i):      
Loss per share from continuing operations(i) [1] $ (0.13) $ (1.39) $ (3.56)
Loss per share from discontinued operations(i) [1]     (0.02)
Net loss per share attributable to Kaixin Auto Holdings' shareholders - basic and diluted(i): [1] $ (0.13) $ (1.39) $ (3.58)
COMPREHENSIVE LOSS      
Net loss $ (5,320) $ (69,068) $ (89,532)
Other comprehensive income (loss), net of tax of nil:      
Foreign currency translation adjustments (408) 4,549 (404)
Other comprehensive income (loss) 408 (4,549) 404
Comprehensive loss (4,912) (73,617) (89,128)
Less: Comprehensive loss attributable to noncontrolling interest 459 (23,279) (2,466)
Comprehensive loss attributable to Kaixin Auto Holdings' shareholders (5,371) (50,338) (86,662)
Automobile sales      
Revenues:      
Total revenues 32,996 332,634 420,005
Cost of revenues:      
Total cost of revenues 32,160 338,016 399,274
Financing income      
Revenues:      
Total revenues     2,317
Cost of revenues:      
Total cost of revenues     3,327
Others      
Revenues:      
Total revenues $ 164 2,063 9,082
Cost of revenues:      
Total cost of revenues     429
Provision for financing receivable      
Cost of revenues:      
Total cost of revenues   $ 2,158 $ 10,941
[1] Share and per share data have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1(a)