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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Revenues, net $ 31,066 $ 36,016 $ 38,359
Cost of Sales (21,353) (27,366) (28,617)
Gross Profit 9,713 8,650 9,742
Operating costs and expenses:      
Selling and distribution (1,720) (952) (1,502)
General and administrative (8,735) (10,776) (6,745)
Share-based compensation (1,196)
Total operating costs and expenses (11,651) (11,728) (8,247)
(Loss) / Profit from operations (1,938) (3,078) 1,495
Other Income/(expenses):-      
Gain on early termination on lease liability 113
Gain from disposal of plant and equipment 50 5,048 2
Interest income 220 57 [1]
Interest expenses (1,505) (1,105) (748)
Dividend income 13 16 7
Government grants 21 22 81
Foreign exchange loss, net (219) (43) (93)
Other income 194 656 813
Total other (loss)/income, net (1,226) 4,764 62
(Loss) / Profit before income taxes (3,164) 1,686 1,557
Add/(Less): Income tax credit/(expenses) 310 53 (529)
NET (LOSS)/INCOME (2,854) 1,739 1,028
Less: Net income/(loss) attributable to Non-controlling interest (NCI) 50 (50)
NET (LOSS)/ INCOME ATTRIBUTABLE TO EQUITY HOLDER OF THE COMPANY $ (2,854) $ 1,789 $ 978
Net (loss)/income per share      
Basic $ (0.09) $ 0.06 $ 0.04
Diluted $ (0.09) $ 0.06 $ 0.04
Weighted average number of ordinary shares outstanding      
Basic 31,762 29,284 24,800
Diluted 31,762 29,284 24,800
Other comprehensive (loss)/income:      
Foreign currency translation adjustment $ (84) $ 269 $ (74)
COMPREHENSIVE INCOME $ (2,938) $ 2,058 $ 904
[1] This figure is immaterial