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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 8 $ 1,629 $ 1,527
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property and equipment 223 129 157
Depreciation of right-of-use assets 350 342 99
Provision for impairment for estimated credit loss 907 251 182
Provision for impairment for inventories 11 231 62
Change in operating assets and liabilities:      
Accounts receivable (632) 1,701 (4,104)
Inventories 844 (5) (3,517)
Deposits, prepayments, and other receivables (441) 428 (1,077)
Accounts payable and accrued liabilities (18) (455) 3,120
Balances with related parties (2,450)
Customer deposits 1,474 (156) 1,219
Income tax (payable) refund (59) (31) 276
Net cash provided by (used in) operating activities 2,667 1,614 (2,056)
Cash flows from investing activity:      
Purchase of property and equipment (774) (455) (283)
Net cash used in investing activity (774) (455) (283)
Cash flows from financing activities:      
Proceeds (Repayment) from bank borrowings, net 3,079 (1,275) 2,321
Proceeds from issuance of new shares 5,942
Repayment of balance with related parties (9,187)
Repayment of lease liabilities (402) (272) (182)
Net cash (used in) provided by financing activities (568) (1,547) 2,139
Effect on exchange rate change on cash, cash equivalents and restricted cash (268) 88 30
Net change in cash, cash equivalent and restricted cash 1,057 (300) (170)
BEGINNING OF YEAR 987 1,287 1,457
END OF YEAR 2,044 987 1,287
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income taxes 337 375 57
Cash paid for interest $ 1,252 $ 1,033 $ 634