XML 15 R5.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (850) $ (1,143)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 238 322
Amortization of operating lease right-of-use assets 22 106
Share-based compensation expenses 0 35
Provision for allowances for credit losses 301 301
Loss on disposal of fixed assets 0 3
Deferred taxes (3) (1)
Change in fair value of warrant liabilities (0) (101)
Other non-operating income (91) (72)
Changes in operating assets and liabilities    
Accounts receivable (185) (56)
Prepayment and deposit to suppliers (654) 171
Other current assets (5) (1)
Accounts payable 65 10
Advance from customers 584 (27)
Accrued payroll and other accruals 49 (174)
Other current liabilities 200 (184)
Taxes payable 0 (8)
Operating lease liabilities (24) (97)
Net cash used in operating activities (353) (916)
Cash flows from investing activities    
Cash acquired during the period 9 0
Short-term loans to unrelated parties 0 (2,000)
Repayment of short-term loans and interest income from unrelated parties 0 123
Net cash used in investing activities 9 (1,877)
Cash flows from financing activities    
Net cash provided by financing activities 0 0
Effect of exchange rate fluctuation on cash and cash equivalents (6) (6)
Net decrease in cash and cash equivalents (350) (2,799)
Cash and cash equivalents at beginning of the period 817 4,391
Cash and cash equivalents at end of the period 467 1,592
Supplemental disclosure of cash flow information    
Income taxes paid 0 0
Interest expense paid $ 0 $ 0