v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (27,905,000) $ (13,413,000) $ (1,719,000)
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation and amortization 2,294,000 2,205,000 2,116,000
Bad debt written-off 184,000 0 0
Impairment loss of property, plant and equipment 13,444,000    
Deferred income taxes (1,574,000) (261,000) (250,000)
(Reversal of impairment loss) impairment loss of trade receivables (241,000) 243,000  
(Reversal of impairment loss) impairment loss of loan and interest receivables (453,000) 3,468,000 (49,000)
Impairment loss (reversal of impairment loss) of other receivables, prepayments and deposits 99,000 2,000 (131,000)
Loss on change in fair value of convertible notes   7,690,000  
Change in operating assets and liabilities      
Trade receivables 737,000 (501,000) (2,000)
Loan receivables 6,349,000 2,622,000 (7,080,000)
Other receivables and prepayments (3,685,000) 4,000 (113,000)
Interest receivables (685,000) (121,000) (37,000)
Accounts payable (408,000) 278,000  
Customer deposits     (83,000)
Other payables and accrued liabilities 13,035,000 (616,000) 1,018,000
Deferred Revenue   87,000  
Taxes payable (384,000) 268,000 (208,000)
Net cash provided by (used in) operating activities 807,000 1,955,000 (6,538,000)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (117,000) (251,000) (221,000)
Proceeds from acquisition of subsidiaries, net of cash acquired   743,000  
Payment on long-term investments (8,990,000)    
Proceeds from refund of deposit for acquisition of a subsidiary     5,000,000
Net cash (used in) provided by investing activities (9,107,000) 492,000 4,779,000
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from short-term loan     1,282,000
Repayment of short-term loan     (1,282,000)
Proceeds from loan due to a shareholder   385,000 1,923,000
Repayment of loan due to a shareholder (1,538,000) (769,000)  
Proceeds from shares issuance 12,645,000    
Payments on repurchase of shares (3,960,000)    
Net cash provided by (used in) financing activities 7,147,000 (384,000) 1,923,000
EFFECT OF EXCHANGE RATE ON CASH (1,000) (3,000) (1,000)
(DECREASE) INCREASE IN CASH (1,154,000) 2,060,000 163,000
Cash and cash equivalent, beginning of year 5,173,000 3,113,000 2,950,000
Cash and cash equivalent, end of year 4,019,000 5,173,000 3,113,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest     62,000
Cash paid for income taxes $ 94,000 35,000 $ 318,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Convertible note issued for acquisition of subsidiaries   $ 13,400,000