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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 $ (5,320) $ (69,068) $ (89,532)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 41 168 161
Reduction in the carrying amount of the right-of-use assets 566 1,494  
Impairment of property and equipment   503  
Allowances for doubtful accounts 336 214  
Write-offs of prepaid expenses and other current assets   22,282  
Impairment of goodwill   74,091  
Write down of inventory   17,826  
Gain on disposal of subsidiary   (710)  
Noncash interest expenses   2,347  
Share-based compensation 3,362 3,813 11,436
Allowances for financing receivable losses   2,158 11,074
Fair value change in contingent consideration   (65,594) 30,460
Loss on disposal of equipment 68 58 8
Write-offs of inventory related to Ji'nan Dealership     5,912
Recoverable of detained and impaired assets (2,921)    
Provision for inventory     200
Write-offs for advance to supplier related to Ji'nan Dealership     16,840
Changes in operating assets and liabilities:      
Accounts receivable (194) 1,043 (229)
Financing receivable     2
Prepaid expenses and other current assets 19 (12,527) (22,967)
Inventory 2,002 18,420 30,150
Right-of-use lease assets 1,612 (3,776)  
Accounts payable (3,003) (847) (2,426)
Amounts due from/to related parties 819   4,937
Lease liabilities - current (1,746) 1,807  
Accrued expenses and other current liabilities 504 5,380 395
Advance from customers 3,600 (2,378) (2,275)
Income tax payable (1,277) (2,270) 796
Lease liabilities - noncurrent (784) 821  
Payable to investors     (4,691)
Other non-current assets (1,562)    
Net cash used in operating activities (3,878) (4,745) (9,749)
Cash flows from investing activities:      
Proceeds from principal repayments of financing receivable   1,291 109,701
Payments to provide financing receivable     (5)
Purchases of property and equipment   (68) (764)
Acquisition of business, net of cash acquired     (9,950)
Net cash provided by investing activities   1,223 98,982
Cash flows from financing activities:      
Proceeds from convertible loan   21,000  
Proceeds from issuance of units   7,500  
Cash acquired in the reverse recapitalization   6  
Proceeds from investors 1,000   57,767
Payment to investors     (187,908)
Repayment of borrowings (3,238) (51,214) (107,500)
Proceeds from borrowings 1,015 18,166 71,640
Repayment of advances from related parties   (116,821) (143,447)
Proceeds from advances from related parties 2,140 115,035 159,938
Capital injection by noncontrolling shareholders     10,873
Proceeds from preferred shares 3,000    
Net cash (used in) provided by financing activities 3,917 (6,328) (138,637)
Net increase (decrease) in cash and restricted cash 39 (9,850) (49,404)
Cash and restricted cash at beginning of year 3,190 13,768 64,447
Effect of exchange rate changes (67) (728) (1,275)
Cash and restricted cash at end of year 3,162 3,190 13,768
Supplemental schedule of cash flows information:      
Interest paid 839 1,710 7,448
Income taxes paid 8 254 1
Schedule of non-cash investing and financing activities:      
Contingent consideration     14,113
Beneficial conversion feature of a convertible loan   2,128  
Conversion of convertible loans to units and ordinary shares, including interest of $219   21,219  
Acquisition of non-controlling interest   1,512 3,460
Acquisition of business settled by forgiveness of financing receivable     $ 1,428
Net liabilities acquired in the reverse recapitalization, excluding cash acquired   5,053  
Net assets disposal of a dealership   62  
Liabilities waived by Renren Inc. $ (4,213) 76,007  
Contingent liabilities assumed by Renren Inc.   $ 42,542