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OTHER CURRENT ASSETS (Tables)
12 Months Ended
Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets

Other current assets consist of the following:

 

 

 

December 31

 

(in US$ thousands)

 

2024

 

 

2023

 

Loans receivable - current

 

$

 

 

$

24

 

Less: Allowance for loans receivable - current

 

 

 

 

 

(24

)

Other receivable

 

 

2

 

 

 

2

 

Other

 

 

127

 

 

 

141

 

 

 

$

129

 

 

$

143

 

Changes in Allowance for Loans Receivable

The following is a reconciliation of changes in our Company’s allowance for loans receivable - current during the years ended December 31, 2024, 2023 and 2022:

 

(in US$ thousands)

 

2024

 

 

2023

 

 

2022

 

Balance at beginning of year

 

$

24

 

 

$

29

 

 

$

33

 

Reversal for collection of bad debt

 

 

(24

)

 

 

(5

)

 

 

 

Translation adjustment

 

 

 

 

 

 

 

 

(4

)

Balance at end of year

 

$

 

 

$

24

 

 

$

29