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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 (loss)/Income before tax $ (3,164) $ 1,686 $ 1,557
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property and equipment 397 907 800
Depreciation of right-of-use assets 812 866 828
Inventories written down 943 452
Written off of advance to suppliers 956
Impairment loss on advance to suppliers 223
Gain on disposal of property and equipment (50) (5,048) (2)
Gain on disposal of Financial Assets available for sales (3)    
Gain on early termination on lease liability (113)
Provision of impairment of trade receivables, net 474 145 193
Customer deposit forfeited (70)
Loss on revaluation of quoted shares 35 22
Share based compensation 1,196
Change in operating assets and liabilities:      
Accounts receivable (1,275) 1,763 (2,644)
Inventories (9,334) 3,631 940
Deposits, prepayments and other receivables (7,650) 408 1,702
Accounts payable and accrued liabilities 2,037 (2,119) 1,964
Customer deposits 2,521 (2,826) (4,387)
Income tax payable (2) (675) (41)
Net cash (used in)/provided by operating activities (12,910) 55 910
Cash flows from investing activities:      
Purchase of property and equipment (598) (1,955) (817)
Proceeds from disposal of property and equipment 464 10,894 2
Investment in equity securities (2,200)
Proceeds from/(investment in) financial assets available for sales, net 160 71 (325)
Net cash generated from/(used in) investing activities 26 6,810 (1,140)
Cash flows from financing activities:      
Proceeds from bank borrowing 39,435
Repayment of bank borrowing (31,781) (7,369) (105)
Proceeds from lease liabilities 5,720
Repayment of lease liabilities (4,152) (6,369) (114)
Proceeds from shares issuance net of deferred offering costs 13,506
Payment of dividends (10,524) (77)
Loan from Director 9,881
Net Cash generated from/(used in) financing activities 9,222 (875) (296)
Effect on exchange rate change on cash and cash equivalents (153) 80 (4)
Net change in cash and cash equivalent (3,815) 6,070 (530)
BEGINNING OF THE YEAR 7,073 1,003 1,533
END OF THE YEAR 3,258 7,073 1,003
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income taxes (18) (675) (40)
Cash refund for income taxes 18
Cash paid for interest $ 803 $ 1,051 $ 748