XML 17 R2.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 859 $ 2,388
Inventories 66 29
Prepayment for vehicle purchase and other current assets, net 97 557
TOTAL CURRENT ASSETS 1,022 2,974
Long-term investment 352 393
Property and equipment, net 236 310
Goodwill 21,237  
Intangible assets, net 10,061 20,713
Operating lease right-of-use assets 108 255
TOTAL NON-CURRENT ASSETS 31,994 21,671
TOTAL ASSETS 33,016 24,645
CURRENT LIABILITIES:    
Short-term operating lease liabilities 94 141
Contract liabilities 6 77
Convertible notes   635
Income tax payable   68
Amounts due to related parties 233 355
Warrant liability   22
Accrued expenses and other current liabilities 8,630 7,750
TOTAL CURRENT LIABILITIES 8,963 9,048
Long-term operating lease liabilities   90
Deferred tax liabilities 2,125 2,333
TOTAL LIABILITIES 11,088 11,471
COMMITMENT AND CONTINGENCIES
EQUITY    
Additional paid-in capital 437,639 406,344
Subscription receivable (17,900) (17,900)
Statutory reserve 8 8
Accumulated deficit (431,450) (377,543)
Accumulated other comprehensive income 1,970 1,963
TOTAL KAIXIN HOLDINGS' SHAREHOLDERS' EQUITY 21,928 13,173
Non-controlling interests   1
TOTAL EQUITY 21,928 13,174
TOTAL LIABILITIES AND EQUITY 33,016 24,645
Class A Ordinary Shares    
EQUITY    
Ordinary shares [1] 28,728 247
Class B Ordinary Shares    
EQUITY    
Ordinary shares [1] 2,930 50
Series D convertible preferred shares    
EQUITY    
Preferred Stock, Value, Issued 1 1
Series F convertible preferred shares    
EQUITY    
Preferred Stock, Value, Issued   1
Series G convertible preferred shares    
EQUITY    
Preferred Stock, Value, Issued 1 1
Series H convertible preferred shares    
EQUITY    
Preferred Stock, Value, Issued $ 1 $ 1
[1] * Retroactively restated to give effect to a share consolidation at a ratio for one - for - sixty ordinary shares and an authorized share capital increase from $500,000 to $36,500,000 effective on October 25, 2024 and a share consolidation at a ratio for one - for - thirty ordinary shares and an authorized share capital increase from $36,500,000 to $1,505,316,695 effective on December 1, 2025. (Note 1)