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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (530) $ (850)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 23 238
Amortization of operating lease right-of-use assets 12 22
Share-based compensation expenses 143 0
Provision for allowances for credit losses 387 301
Deferred taxes 0 (3)
Other non-operating (income)/losses (54) (91)
Changes in operating assets and liabilities    
Accounts receivable (515) (185)
Prepayment and deposit to suppliers (137) (654)
Other current assets 1 (5)
Accounts payable 3 65
Advance from customers (37) 584
Accrued payroll and other accruals (277) 49
Other current liabilities 6 200
Taxes payable 3 0
Operating lease liabilities (10) (24)
Deferred tax liabilities (2) 0
Net cash used in operating activities (984) (353)
Cash flows from investing activities    
Purchases of vehicles and office equipment, leasehold improvement (37)  
Cash acquired during the period 0 9
Purchase of intellectual property (600) 0
Repayment of short-term loans and interest income from unrelated parties 1,121 0
Net cash used in investing activities 484 9
Cash flows from financing activities    
Advances from PIPE Investors 500 0
Net cash provided by financing activities 500 0
Effect of exchange rate fluctuation on cash and cash equivalents (5) (6)
Net decrease in cash and cash equivalents (5) (350)
Cash and cash equivalents at beginning of the period 812 817
Cash and cash equivalents at end of the period 807 467
Supplemental disclosure of cash flow information    
Income taxes paid 0 0
Interest expense paid $ 0 $ 0