v3.26.1
Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2025
Summary of significant accounting policies  
Schedule of consolidated entities

  ​ ​ ​

Place incorporated

  ​ ​ ​

Ownership percentage

 

TROOPS, Inc.

 

Cayman Islands

 

Parent Company

11 Hau Fook Street Limited

 

Hong Kong

 

100

%

Apiguru Pty Ltd.

Australia

100

%

Beijing SGOCO Image Technology Co., Ltd.

 

Beijing, China

 

100

%

First Asia Finance Limited

 

Hong Kong

 

100

%

FOR THE FUTURE, Inc.

 

Republic of Seychelles

 

100

%

Giant Credit Limited

 

Hong Kong

 

100

%

Giant Connection Limited

 

Republic of Seychelles

 

100

%

Giant Financial Services Limited

 

Samoa

 

100

%

Paris Sky Limited

 

Marshall Islands

 

100

%

Riches Advisory Limited

 

Hong Kong

 

100

%

Riches Elite Technology (Shenzhen) Co.,Ltd

 

Shenzhen, China

 

100

%

Riches Finance Group Limited

Hong Kong

100

%

Riches Holdings Limited

Cayman Islands

100

%

Riches Property Limited

Hong Kong

100

%

SGOCO International (HK) Limited

Hong Kong

100

%

Suns Tower Limited (Formerly known as “First Asia Tower Limited”)

Hong Kong

100

%

Vision Lane Limited

British Virgin Islands

100

%

Schedule of assets with estimated useful lives

Leasehold land and buildings

  ​ ​ ​

Leasehold land and buildings are depreciated over the shorter of the unexpired term of lease and their estimated useful lives, being no more than 50 years

Machinery and equipment

 

4-10 years

Leasehold improvements

5 years

Vehicles and office equipment

 

4-5 years

Schedule of Separately identifiable intangible assets that have determinable lives

Trademarks of GFS

  ​ ​ ​

10 years

Service Contracts of GFS

 

1 year

Non-competition agreements of Apiguru

 

3 years

Customer relationship of Riches Holdings

 

10 years

Schedule of fair value hierarchy of financial assets and liabilities

Fair Value

  ​ ​ ​

  ​ ​ ​

Measurement at

Carrying Value at

December 31, 

December 31, 2024

2024

Level 1

Level 2

Level 3

Convertible notes measured at fair value

 

$

 

$

 

$

$

Schedule of changes in financial liabilities

Balance at January 1, 2024

$

Issuance of convertible notes

13,400

Fair value losses on issue date and conversion dates

7,690

Conversion of convertible notes

(21,090)

Balance at December 31, 2024

Schedule of assumptions used for determination of fair value of the convertible notes

LIANTENG

Convertible note holder

  ​ ​ ​

LIMITED

Appraisal Date (Inception Date)

May 31, 2024

Risk-free Rate

4.51%

Applicable Closing Stock Price

$1.56

Conversion Price

$0.8. to $1.92

Volatility

89.90%

Dividend Yield

0%

Credit Spread

8.60%

Schedule of the Company's revenues disaggregated by products and services and timing of revenue recognition:

Year ended December 31, 

Revenue by recognition

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Revenue by recognition over time

$

3,314

$

4,431

$

3,569

Revenue by recognition at a point in time

 

13,782

 

5,642

 

$

17,096

 

10,073

 

3,569

Year ended December 31, 

Revenue by major product line

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Interest on loans

$

2,167

$

3,308

$

2,313

Property lease and management

 

1,384

 

1,780

 

1,069

Applications, technology & services

549

151

187

Consultancy services for insurance products

 

12,859

 

4,478

 

Advisory and referral services

137

356

$

17,096

 

10,073

3,569

Summary of the movement of the Company's contract liabilities

Contract

  ​ ​ ​

liabilities

Balance as of January 1, 2023

$

10

Revenue recognized from beginning contract liability balance

(10)

Advances received from customers related to unsatisfied performance obligations

13

Balance as of December 31, 2023

$

13

Revenue recognized from beginning contract liability balance

(13)

Advances received from customers related to unsatisfied performance obligations

148

Balance as of December 31, 2024

$

148

Revenue recognized from beginning contract liability balance

(148)

Advances received from customers related to unsatisfied performance obligations

522

Balance as of December 31, 2025

$

522