Note 20 - Share-based Compensation Expenses

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

20. Share-based compensation expenses

In August 2024, the Company granted and issued approximately 0.73 million fully-vested and non-forfeitable shares of the Company restricted common stock to business and financial consultants in exchange for their service for a 12-month period until August 2025. The Company valued these shares at the closing bid price of the Company’s common stock on the grant date of these shares and recorded the related total cost of approximately US$0.35 million as a prepayment upon the grant and issuance of these shares. Total compensation expenses amortized was approximately US$0.14 million for the three months ended March 31, 2025.

For the three months ended March 31, 2024, the Company did not record any share-based compensation expenses.

The table below summarized share-based compensation expenses recorded for the three months ended March 31, 2025 and 2024, respectively:

	Three Months Ended March 31,
	2025		2024
	US$(’000)		US$(’000)
	(Unaudited)		(Unaudited)
Sales and marketing expenses		-		-
General and administrative expenses		143		-
Total		143		-