v3.26.1
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 48,412 $ 43,015
Trade receivables 762 681
Inventories 2,279 1,869
Prepayments and other current assets 687 1
Total current assets 52,140 45,566
Property, plant and equipment, net 25,771 25,691
Deposits paid for non-current assets 2,345 103
Right-of-use assets 151 164
Deferred tax assets 738 596
Total non-current assets 29,005 26,554
Total assets 81,145 72,120
Current liabilities:    
Short-term bank borrowings 143
Trade payables 12 28
Accruals and other payables 643 357
Lease liabilities, current portion 19 17
Income tax payable 156 13
Total current liabilities 2,615 1,837
Lease liabilities, non-current portion 168 179
Total non-current liabilities 168 179
Total liabilities 2,783 2,016
Shareholders’ equity    
Ordinary shares (US$0.016** par value, 6,250,000** shares authorized, 1,100,625** shares issued and outstanding as of December 31, 2024 and US$0.016 par value, 6,125,000 shares authorized, 4,206,788 shares issued and outstanding as of December 31, 2025)
Founders Preferred Shares (US$0.016** par value, 125,000** shares authorized, 125,000** shares issued and outstanding as of December 31, 2025) 69 18
Receivables from shareholders (3,210) (3,210)
Share premium 16,305 11,745
Retained profits 65,388 64,707
Accumulated other comprehensive loss (2,729) (5,695)
Other reserves 2,539 2,539
Total shareholders’ equity 78,362 70,104
Total liabilities and shareholders’ equity 81,145 72,120
Related Party    
Current liabilities:    
Amounts due to related parties $ 1,642 $ 1,422