v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash $ 5,173 $ 3,113
Trade receivables, net 1,136 2
Loan receivables, net of provision for loan losses of $5,490 and $1,532, respectively 12,612 7,195
Interest receivables 162 41
Other receivables, prepayments and deposits, net of provision for credit losses of $10 and $8, respectively 471 319
Total current assets 19,554 10,670
NON-CURRENT ASSETS    
Plant and equipment, net 44,913 46,773
Operating lease right-of-use assets, net 26 4
Intangible assets, net 1,367 29
Long-term loans receivables, net of $1 and $491 provision for loan losses 977 12,484
Goodwill 12,348 385
Total non-current assets 59,631 59,675
Total assets 79,185 70,345
CURRENT LIABILITIES    
Amount due to a shareholder $ 1,538 $ 1,923
Other Liability, Current, Related Party, Type [Extensible Enumeration] Related Party Related Party
Accounts payable $ 1,633  
Other payables and accrued liabilities 1,863 $ 2,278
Deferred Revenue 87 0
Operating lease liability, current 22 4
Customer deposits 5 5
Taxes payable 769 513
Total current liabilities 5,917 4,723
LONG-TERM LIABILITIES    
Operating lease liability, non-current 4  
Non-current Deferred tax liabilities 5,015 5,043
Total non-current liabilities 5,019 5,043
Total liabilities 10,936 9,766
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, nil and nil issued and outstanding as of December 31, 2024 and 2023, respectively
Ordinary shares, $0.004 par value, 500,000,000 shares authorized, 112,510,166 and 101,597,998 issued and outstanding as of December 31, 2024 and 2023, respectively 450 406
Additional paid-in-capital 156,815 135,768
Retained earnings (deficit) (89,011) (75,598)
Accumulated other comprehensive (loss) income (5) 3
Total TROOPS, Inc. shareholders' equity 68,249 60,579
Total liabilities and shareholders' equity $ 79,185 $ 70,345