Related party transactions

12 Months Ended

Dec. 31, 2024

28.1. Related party

Our related party transactions comprise of expenses for use of intellectual property, borrowings, and sublease. We may also incur other expenses with related parties in the ordinary course of business, which are included in the consolidated financial statements. The related party is as follows:


Relationship			Company name
Controlling shareholder			DoubleU Games Co., Ltd

28.2. Transactions with related party

The following is a summary of expenses charged by DoubleU Games (in thousands):


	Year ended December 31,
	2024		2023
Royalty expense	$	2,314	$	2,565
Other expense	5,587		1,636

28.3 Account balances with related party

Amounts due to DoubleU Games are as follows (in thousands):


	December 31, 2024		December 31, 2023		January 1, 2023
Accounts payable and accrued expenses	$	1,958	$	1,620	$	315
Other receivables	3		—		—

28.4. Borrowing transaction with related party

Borrowing transaction details to DoubleU Games are as follows (in thousands):


	December 31, 2024		December 31, 2023		January 1, 2023
4.6% Senior notes with related party	$	34,014	$	38,778	$	39,454
Accrued interest on 4.6% Senior Notes with related party	936		9,501		7,852


	Year ended December 31,
	2024		2023
Payments	$	9,655	$	—
Interest expenses	1,682		1,762

28.5. Lease transactions with related party

Lease transaction details to DoubleU Games, are as follows (in thousands):


	December 31, 2024		December 31, 2023		January 1, 2023
Right-of-use assets	$	2,238	$	5,634	$	854
Lease liabilities	2,335		5,685		1,061


	Year ended December 31,
	2024		2023
Payments	$	1,076	$	1,384
Interest expenses	243		111

28.6. Key management personnel compensation

The compensation for the key management personnel (registered directors) for the years ended December 31, 2024 and 2023 is as follows (in thousands):


	Year ended December 31,
	2024		2023
Wages and salaries, incentives	$	2,273	$	2,657
Expenses related to retirement benefits	27		91
Total	$	2,300	$	2,748