v3.25.1
Consolidated Balance Sheets
$ in Thousands, $ in Thousands
Dec. 31, 2024
USD ($)
Dec. 31, 2024
HKD ($)
Dec. 31, 2023
HKD ($)
Current assets:      
Cash and cash equivalents $ 3,942 $ 30,618 $ 12,048
Cash segregated for regulatory purpose 1,283 9,969 38,485
Receivables from:      
Broker-dealers, net of allowance of nil and HKD9,000 as of December 31, 2023 and 2024, respectively 34 267 1,020
Clearing organization, net of allowance of nil as of December 31, 2023 and 2024 90 696 2,285
Prepaid expenses and other current assets 706 5,485 4,683
Income tax recoverable 89 692
Total current assets 8,308 64,546 102,617
Non-current assets:      
Property and equipment, net 124 966 16
Right-of-use assets 268 2,083 1,077
Intangible asset, net 77 600 600
Deferred tax assets 397 3,087 2,105
Refundable deposit 58 447 229
Total non-current assets 924 7,183 4,027
TOTAL ASSETS 9,232 71,729 106,644
Payables to:      
Clearing organizations 3 25 10
Accruals and other current liabilities 346 2,686 1,458
Accrued commission expense 170 1,327 1,285
Lease liabilities - current 146 1,133 1,123
Income taxes payable 1,165
Total current liabilities 1,996 15,516 45,902
Non-current liabilities:      
Lease liabilities - non-current 128 994
Total non-current liabilities 128 994
TOTAL LIABILITIES 2,124 16,510 45,902
COMMITMENTS AND CONTINGENCIES (note 15)
Shareholders’ equity      
Preferred shares US$0.0001 par value per share; 3,000,000 authorized; nil share issued and outstanding as of December 31, 2023 and 2024 Ordinary shares US$0.0001 par value per share; 300,000,000 authorized; 12,000,000 shares issued and outstanding as of December 31, 2023 and 2024 1 9 9
Additional paid-in capital 8,130 63,155 63,155
Accumulated deficit (1,023) (7,945) (2,422)
Total shareholders’ equity 7,108 55,219 60,742
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 9,232 71,729 106,644
Nonrelated Party [Member]      
Current assets:      
Loans to customers 2,047 15,901 27,020
Receivables from:      
Receivables from customers 21 167 7,592
Payables to:      
Payables to customers 632 4,912 28,879
Related Party [Member]      
Current assets:      
Loans to customers 7,457
Receivables from:      
Receivables from customers 44 343 1,125
Amount due from related parties 52 408 902
Payables to:      
Payables to customers $ 699 $ 5,433 $ 11,982