XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues $ 9,181 $ 7,216 $ 25,317 $ 21,813
Cost of revenues 9,185 7,267 25,746 21,811
Gross (loss)/ profit (4) (51) (429) 2
Operating expenses        
Sales and marketing expenses 55 72 148 219
General and administrative expenses 1,547 1,651 3,659 5,697
Research and development expenses 0 57 18 181
Total operating expenses 1,602 1,780 3,825 6,097
Loss from operations (1,606) (1,831) (4,254) (6,095)
Other income/(expenses)        
Interest income 79 21 230 96
Other expenses, net (6) (5) (20) (33)
Impairment on long-term investment 2 0 (207) 0
Change in fair value of warrant liabilities 13 (1,023) 185 759
Total other income/(expenses) 88 (1,007) 188 822
Loss before income tax benefit/(expense) and noncontrolling interests (1,518) (2,838) (4,066) (5,273)
Income tax benefit/(expenses) (2) (2) 0 2
Net income (loss) (1,520) (2,840) (4,066) (5,271)
Net income (loss) (1,520) (2,840) (4,066) (5,271)
Foreign currency translation adjustment (39) 93 163 76
Comprehensive loss $ (1,559) $ (2,747) $ (3,903) $ (5,195)
Loss per common share        
Basic and diluted** (in dollars per share) [1] $ (0.21) $ (0.4) $ (0.57) $ (0.74)
Weighted average number of common shares outstanding:        
Basic and diluted** (in shares) [1] 7,204,506 7,174,506 7,191,649 7,123,411
[1] Retrospectively restated for effect of the 1-for-5 reverse stock split effective on January 18, 2023, see Note 4(g).