v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash $ 4,019 $ 5,173
Trade receivables, net 456 1,136
Loan receivables, net 5,897 12,612
Interest receivables 847 162
Other receivables, prepayments and deposits, net 4,057 471
Total current assets 15,276 19,554
NON-CURRENT ASSETS    
Property, plant and equipment, net 29,409 44,913
Operating lease right-of-use assets, net 4 26
Intangible assets, net 1,243 1,367
Long-term loan receivables, net 1,796 977
Long-term investments, net 8,990  
Goodwill 12,348 12,348
Total non-current assets 53,790 59,631
Total assets $ 69,066 79,185
CURRENT LIABILITIES    
Amount due to a shareholder   $ 1,538
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party Related Party
Accounts payable $ 1,225 $ 1,633
Other payables and accrued liabilities 14,982 1,863
Deferred Revenue 0 87
Operating lease liability, current 4 22
Customer deposits 5 5
Taxes payable 385 769
Total current liabilities 16,601 5,917
LONG-TERM LIABILITIES    
Operating lease liability, non-current   4
Non-current Deferred tax liabilities 3,441 5,015
Total non-current liabilities 3,441 5,019
Total liabilities 20,042 10,936
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, nil and nil issued and outstanding as of December 31, 2025 and 2024, respectively
Ordinary shares, $0.004 par value, 500,000,000 shares authorized, 122,160,166 and 112,510,166 issued and outstanding as of December 31, 2025 and 2024, respectively 488 450
Additional paid-in-capital 165,462 156,815
Accumulated deficit (116,916) (89,011)
Accumulated other comprehensive loss (10) (5)
Total shareholders' equity 49,024 68,249
Total liabilities and shareholders' equity $ 69,066 $ 79,185