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CASH, CASH EQUIVALENTS AND RESTRICTED CASH
12 Months Ended
Dec. 31, 2024
Cash and Cash Equivalents [Abstract]  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH

NOTE 5. CASH, CASH EQUIVALENTS AND RESTRICTED CASH

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows as of December 31, 2024 and 2023.

 

 

 

December 31

 

(in US$ thousands)

 

2024

 

 

2023

 

Cash and savings accounts

 

$

34,781

 

 

$

38,470

 

Time deposits

 

 

 

 

 

 

Cash and cash equivalents reported on the consolidated
   balance sheets

 

 

34,781

 

 

 

38,470

 

Cash restricted as performance bond

 

 

313

 

 

 

313

 

Total cash, cash equivalents and restricted cash reported
   on the consolidated statements of cash flows

 

$

35,094

 

 

$

38,783

 

 

As of December 31, 2024 and 2023, cash amounting to $313 thousand and $313 thousand, respectively, has been deposited in escrow accounts in banks mainly as a performance bond for our players’ game points. These deposits are restricted and are included in restricted cash in the consolidated balance sheets.

We maintain cash and cash equivalents, as well as restricted cash, in bank accounts with major financial institutions with high credit ratings located in the following jurisdictions:

 

 

 

December 31

 

(in US$ thousands)

 

2024

 

 

2023

 

Taiwan

 

$

34,884

 

 

$

38,289

 

Hong Kong

 

 

210

 

 

 

494

 

 

 

$

35,094

 

 

$

38,783