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ACCOUNTS RECEIVABLE - NET (Tables)
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Accounts Receivable Net

Accounts receivable consist of the following:

 

 

 

December 31

 

(in US$ thousands)

 

2024

 

 

2023

 

Accounts receivable

 

$

142

 

 

$

229

 

Less: Allowance for credit losses

 

 

(1

)

 

 

(2

)

 

 

$

141

 

 

$

227

 

Summary of Changes in Allowance for Credit Losses

The following is a summary of the changes in our Company’s allowance for credit losses during the years ended December 31, 2024, 2023 and 2022:

 

(in US$ thousands)

 

2024

 

 

2023

 

 

2022

 

Balance at beginning of year

 

$

2

 

 

$

1

 

 

$

2

 

Additions: Provision for expected credit losses

 

 

1

 

 

 

7

 

 

 

2

 

Less: Write-off

 

 

(1

)

 

 

(6

)

 

 

(3

)

Translation adjustment

 

 

(1

)

 

 

 

 

 

 

Balance at end of year

 

$

1

 

 

$

2

 

 

$

1