v3.25.1
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 $ (13,413) $ (1,719) $ (346)
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation and amortization 2,205 2,116 1,970
Impairment loss of property, plant and equipment     139
Deferred income taxes (261) (250) (252)
Reversal (impairment loss) of trade receivables 243    
Reversal (Impairment loss) of loan and interest receivables 3,468 (49) (973)
Reversal (Impairment loss) of other receivables, prepayments and deposits 2 (131) 3
Loss on change in fair value of convertible notes 7,690    
Change in operating assets and liabilities      
Trade receivables (501) (2) 8
Loans receivables 2,622 (7,080) (941)
Other receivables and prepayments 4 (113) 24
Interest receivable (121) (37) 48
Accounts payable 278    
Customer deposits   (83) 88
Other payables and accrued liabilities (616) 1,018 (353)
Deferred Revenue 87    
Taxes payable 268 (208) 217
Net cash provided by (used in) operating activities 1,955 (6,538) (368)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (251) (221) (156)
Proceeds from acquisition of subsidiaries, net of cash acquired 743    
Proceeds from refund of deposit for acquisition of a subsidiary   5,000  
Net cash provided by (used in) investing activities 492 4,779 (156)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from short-term loan   1,282  
Repayment of short-term loan   (1,282)  
Proceeds from loan due to a shareholder 385 1,923  
Repayment of loan due to a shareholder (769)    
Net cash provided by (used in) financing activities (384) 1,923  
EFFECT OF EXCHANGE RATE ON CASH (3) (1) (6)
INCREASE (DECREASE) IN CASH 2,060 163 (530)
Cash and cash equivalent, beginning of year 3,113 2,950 3,480
Cash and cash equivalent, end of year 5,173 3,113 $ 2,950
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest   62  
Cash paid for income taxes 35 $ 318  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Convertible note issued for acquisition of subsidiaries $ 13,400