|
TAXATION (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Taxation [Line Items] |
|
| Schedule of income tax benefit/(expense) |
|
|
Years ended December 31 |
|
|
|
2012 |
|
|
2013 |
|
|
2014 |
|
| Current income tax expense |
|
|
(339 |
) |
|
|
(106 |
) |
|
|
(2,540 |
) |
| Deferred income tax benefit/(expense) |
|
|
129 |
|
|
|
(586 |
) |
|
|
1,717 |
|
| Income tax expense |
|
|
(210 |
) |
|
|
(692 |
) |
|
|
(823 |
) |
|
| Schedule of (loss)/income before income taxes |
|
|
Years ended December 31 |
|
|
|
2012 |
|
|
2013 |
|
|
2014 |
|
| (Loss)/income arising from China operations |
|
|
(936 |
) |
|
|
(6,926 |
) |
|
|
6,293 |
|
| (Loss)/income arising from non-China operations |
|
|
(2,914 |
) |
|
|
(2,503 |
) |
|
|
829 |
|
| - U.S. |
|
|
30 |
|
|
|
15 |
|
|
|
(1,487 |
) |
| - Hong Kong |
|
|
(513 |
) |
|
|
511 |
|
|
|
4,616 |
|
| - Cayman |
|
|
(2,431 |
) |
|
|
(3,029 |
) |
|
|
(2,300 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| (Loss)/income before income taxes and share of loss of an unconsolidated affiliate |
|
|
(3,850 |
) |
|
|
(9,429 |
) |
|
|
7,122 |
|
|
| Schedule of reconciliation between the PRC statutory income tax rate and the effective tax rate |
|
|
Years ended December 31 |
|
|
|
2012 |
|
|
2013 |
|
|
2014 |
|
| Statutory tax rate |
|
|
25 |
% |
|
|
25 |
% |
|
|
25 |
% |
| Effect of foreign tax rates differential |
|
|
(16 |
)% |
|
|
(8 |
)% |
|
|
9 |
% |
| Deferred tax rate differential |
|
|
4 |
% |
|
|
(1 |
)% |
|
|
11 |
% |
| Non-deductible expenses |
|
|
(30 |
)% |
|
|
(36 |
)% |
|
|
7 |
% |
| Change in valuation allowance |
|
|
14 |
% |
|
|
18 |
% |
|
|
(29 |
)% |
| Effect of elimination of unrealized intra-entity profits |
|
|
— |
|
|
|
(5 |
)% |
|
|
46 |
% |
| Effect of preferential tax treatment inside of PRC |
|
|
— |
|
|
|
— |
|
|
|
(36 |
)% |
| Others |
|
|
(2 |
)% |
|
|
— |
|
|
|
3 |
% |
| Effective income tax rate |
|
|
(5 |
)% |
|
|
(7 |
)% |
|
|
36 |
% |
|
| Schedule of significant components of deferred tax assets and liabilities |
|
|
As of December 31 |
|
|
|
2013 |
|
|
2014 |
|
| Deferred tax assets |
|
|
|
|
|
|
|
|
| Provision for doubtful accounts and slow-moving inventories |
|
|
1,364 |
|
|
|
3,006 |
|
| Accrued expenses, payroll and others |
|
|
1,053 |
|
|
|
1,065 |
|
| Difference in tax basis from ViSS acquisition |
|
|
695 |
|
|
|
515 |
|
| Difference in research and development expenses capitalization |
|
|
3,229 |
|
|
|
- |
|
| Operating loss carry-forwards |
|
|
3,660 |
|
|
|
768 |
|
| Others |
|
|
1,599 |
|
|
|
519 |
|
| Total deferred tax assets |
|
|
11,600 |
|
|
|
5,873 |
|
| Valuation allowance |
|
|
(11,600 |
) |
|
|
(4,156 |
) |
| Deferred tax assets, net of valuation allowance |
|
|
— |
|
|
|
1,717 |
|
| |
|
|
|
|
|
|
|
|
| Deferred tax liabilities |
|
|
|
|
|
|
|
|
| Differences in tax basis for property equipment and software, non-current |
|
|
14 |
|
|
|
5 |
|
| Total deferred tax liabilities |
|
|
14 |
|
|
|
5 |
|
| |
|
|
|
|
|
|
|
|
| Classification on the consolidated balance sheets |
|
|
|
|
|
|
|
|
| Deferred tax assets — current |
|
|
— |
|
|
|
1,014 |
|
| Deferred tax assets — non-current |
|
|
— |
|
|
|
703 |
|
| Deferred tax liabilities — non-current |
|
|
14 |
|
|
|
5 |
|
|
| Schedule of changes in unrecognized tax benefits |
|
|
As of December 31 |
|
|
|
2013 |
|
|
2014 |
|
| Beginning balance |
|
|
- |
|
|
|
1,688 |
|
| Additions based on tax position of the current year |
|
|
1,688 |
|
|
|
- |
|
| Ending balance |
|
|
1,688 |
|
|
|
1,688 |
|
|