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Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
TWD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
TWD ($)
Dec. 31, 2022
TWD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income/(loss) $ (151,946) $ (4,633) $ (63,029) $ 15,023
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:        
Depreciation of property and equipment 13,135 401 14,302 13,473
Amortization of right-of-use assets 10,100 308 10,095 11,332
Allowance for/(Reversal of) credit losses (8) (268) 253
Impairment loss 15,300 467
Deferred income tax expenses (771) (24) 1,019 6,429
(Gain)/loss on disposal of property and equipment 30 (25)
Write-down of Inventories 19,801 604
Loss on disposal of subsidiaries 5,118
Changes in operating assets and liabilities:        
Accounts receivable (1,028) (31) 1,154 16,731
Inventories 11,989 366 (10,983) (9,442)
Prepaid expenses and other current assets (11,916) (368) 3,238 (7,376)
Right-of-use assets (27,821) (848) (11,859)
Other non-current assets 15,168 463 11,932 3,646
Accounts payable (111) (3) (1,569) (5,078)
Lease liabilities 17,721 540 2,070 (11,704)
Other payables 92,497 2,821 5,728 198
Income taxes payable 753
Other current liabilities 104 3 80 (2,832)
Net cash provided by/(used in) operating activities 2,214 66 (38,060) 36,499
CASH FLOWS FROM INVESTING ACTIVITIES        
Proceeds from disposal of subsidiaries, net-off cash balance at disposed entities (1,511)
Purchase of property and equipment (21,112) (644) (23,658) (28,417)
Proceeds from disposal of property and equipment 93 35
Purchase of long-term investment (15,300) (467)
Decrease in refundable deposits 790
Net cash used in investing activities (36,412) (1,111) (23,565) (29,103)
CASH FLOWS FORM FINANCING ACTIVITIES        
Proceeds from short-term bank loans 98,000 2,989 100,152 219,164
Repayments of short-term bank loans (98,000) (2,989) (118,522) (200,904)
Payment for deferred offering costs (85,944) (2,621) (31,154)
Equity financing through private placement 32,790 1,000
Proceeds from long-term bank loans 21,790
Repayments of long-term bank loans (6,598) (201) (18,294) (15,412)
Net cash provided by/(used in) financing activities (59,752) (1,822) (67,818) 24,638
Effects of exchange rate changes on cash and cash equivalents (882) (25)
Net increase/(decrease) in cash, cash equivalents and restricted cash (94,832) (2,892) (129,443) 32,034
Cash, cash equivalents and restricted cash at the beginning of the year 294,580 8,984 424,023 391,989
Cash, cash equivalents and restricted cash at the end of the year 199,748 6,092 294,580 424,023
Supplemental disclosure of cash flow information:        
Cash paid for income tax (914) (28) (1,438) (2,413)
Cash paid for interest (2,832) (86) (3,015) (2,695)
Supplemental disclosure of non-cash investing and financing activities:        
Lease liability arising from obtaining right-of-use asset 27,822 848 11,246
Cash and cash equivalents, the beginning of the year 202,465   299,340  
Restricted cash, the beginning of the year 92,115   124,683  
Total cash and restricted cash, the beginning of the year 294,580   424,023  
Cash and cash equivalents, the end of the year 117,748 $ 3,591 202,465 299,340
Restricted cash, the end of the year 82,000   92,115 124,683
Total cash and restricted cash, the end of the year $ 199,748   $ 294,580 $ 424,023