Unaudited Interim Condensed Consolidated Statement of Cash Flow - USD ($) $ in Thousands | 6 Months Ended |
Jun. 30, 2023 | Jun. 30, 2022 |
Cash flows from operating activities: | | |
Net loss | $ (10,697) | $ (14,333) |
Less: Net income from discontinued operation | | 6,921 |
Net loss from continuing operation | (10,697) | (21,254) |
Adjustments: | | |
Depreciation and amortization | 106 | 2,399 |
Share-based compensation | 2,054 | 14,472 |
Amortisation of right of use assets | 268 | 256 |
Accretion of finance leases | 19 | |
Allowance for doubtful accounts-accounts receivable | | 189 |
Allowance for doubtful accounts-other receivable | | 800 |
Impairment of cryptocurrencies | 81 | |
Operating cash flows before movements in working capital | (8,169) | (3,138) |
Changes in working capital: | | |
Inventory | 1,224 | 9,442 |
Accounts receivable | 56 | 19,298 |
Other receivables | (12,321) | (110,435) |
Amount due from related parties | 23,916 | (10,045) |
Intangible assets | (350) | (837) |
Accrued liabilities | (3,510) | (3,225) |
Accounts payable | 1,089 | 1,274 |
Tax payable | 211 | (47) |
Other payables | (3,857) | 7,199 |
Amount due to related parties | (1) | 624 |
Lease liabilities | (269) | 1,184 |
Net cash used in operating activities from continuing operations | (1,981) | (88,706) |
Net cash used in in generating from discontinued operating activities | | (15,611) |
Net cash used in operating activities | (1,981) | (104,317) |
Cash flows from investing activity: | | |
Proceeds from disposal of property, equipment and software | | 132 |
Net cash generated from investing activity from continuing operations | | 132 |
Net cash generated from investing activity from discontinuing operations | | 1,465 |
Net cash generated from investing activities | | 1,597 |
Cash flows from financing activities: | | |
Repayment of principle portion of lease liabilities | (288) | |
Proceeds from share issuance, net of issuance costs | | 18,483 |
Net cash generated from/(used in) financing activities | (288) | 18,483 |
Net decrease on cash and cash equivalents | (2,269) | (84,237) |
Cash and cash equivalents at beginning of the period | 259,492 | 338,026 |
Effect of exchange rates on cash and cash equivalents | (7,339) | (6,443) |
Less: cash and cash equivalents, from the discontinued operations | | 3,602 |
Cash and cash equivalents at end of the period | 249,884 | 243,744 |
Supplemental cash flow information | | |
Cash paid for income tax | $ 646 | $ 1,061 |