Note 7 - Due from Related Parties, Net

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Due from Related Parties Disclosure [Text Block]

7. Due from related parties, net

	As of December 31,
	2023		2022
	US$(’000)		US$(’000)
Guangzhou Gong Xiang Technology Co., Ltd. (“Gong Xiang Technology”)		-		14
Due from related parties, total		-		14
Allowance for doubtful accounts		-		(14	)
Due from related parties, net		-		-

Related parties of the Company represented the Company’s direct or indirect unconsolidated investee entities, as well as entities that the Company’s officers or directors can exercise significant influence.

As of December 31, 2023, there were no outstanding balance due from related parties.

As of December 31, 2022, due from Gong Xiang Technology were the remaining outstanding balances of a short-term working capital loan with an original amount of US$0.04 million that the Company provided to this investee entity in March 2021. The Company had provided full allowance against the remaining outstanding balance as of December 31, 2022, as the business activities of Gong Xiang Technology had become dormant as of December 31, 2022 and the potential recovery of this outstanding amount was considered remote.