Revenue (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of revenues disaggregated by revenue source, geography and timing of revenue recognition

The following table summarizes the Company's revenues disaggregated by revenue source, geography (based on the Company's business locations), and timing of revenue recognition (in thousands):


	Year Ended
	December 31,		December 31,
	2020		2019
Geographic Markets
Malaysia	$	83	$	—
USA		1,631		41,873
PRC		25,045		2,693
Total	$	26,759	$	44,566

Product or Service
Digital asset management services	$	—	$	40,700
Digital advertising services and other		1,631		1,173
Electric vehicles*		19,462		2,693
Combustion engine vehicles*		5,160		—
Charging and batteries*		506		—
Total	$	26,759	$	44,566

Timing of Revenue Recognition
Products and services transferred at a point in time	$	26,729	$	3,866
Services provided over time		30		40,700
Total	$	26,759	$	44,566

*The revenues for the years ended December 31, 2020 and 2019 were recorded on either a Principal or Agent basis, depending on the terms of the underlying transaction, including the ability to control the product and the level of inventory risk taken. The majority of the revenue from the sale of electric vehicles, as well as revenue from the sale of the combustion engine vehicles and charging and batteries for the year ended December 31, 2020 were recorded on a Principal basis because the Company has inventory risk in the transactions. The revenue from the sale of electric vehicles for the year ended December 31, 2019 was recorded on an Agent basis due to the terms of the transaction.