v3.25.1
Consolidated Statements of Loss and Comprehensive Loss
$ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2024
HKD ($)
$ / shares
shares
Dec. 31, 2023
HKD ($)
$ / shares
shares
Dec. 31, 2022
HKD ($)
$ / shares
shares
Revenues:        
Total revenues $ 1,255 $ 9,748,000 $ 21,939,000 $ 19,277,000
Expenses:        
Compensation and benefits 1,111 8,633,000 7,550,000 8,732,000
Commission expense 327 2,538,000 2,037,000 3,980,000
Advertising and marketing 78 608,000 2,254,000
Lease expense 161 1,250,000 1,261,000 1,398,000
Legal and professional fee 267 2,077,000 2,356,000 2,709,000
Provision for (reversal of) allowance for expected credit losses (181) (1,403,000) 10,944,000
Other general and administrative 422 3,277,000 2,816,000 3,495,000
Total expenses 2,185 16,980,000 29,218,000 20,314,000
Loss from operations (930) (7,232,000) (7,279,000) (1,037,000)
Other income:        
Government subsidies 13 103,000 318,000
Others 63 493,000 207,000 107,000
Total other income 76 596,000 207,000 425,000
Loss before income taxes (854) (6,636,000) (7,072,000) (612,000)
Income tax expenses (benefits) (144) (1,113,000) (1,058,000) 332,000
Net loss and total comprehensive loss $ (710) $ (5,523,000) $ (6,014,000) $ (944,000)
Net loss per share attributable to ordinary shareholders        
Basic | (per share) [1] $ (0.06) $ (0.46) $ (0.50) $ (0.08)
Diluted | (per share) [1] $ (0.06) $ (0.46) $ (0.50) $ (0.08)
Weighted average number of ordinary shares used in computing net loss per share        
Basic [1] 12,000,000 12,000,000 12,000,000 12,000,000
Diluted [1] 12,000,000 12,000,000 12,000,000 12,000,000
Securities Brokerage Commission [Member] | Nonrelated Party [Member]        
Revenues:        
Total revenues $ 210 $ 1,635,000 $ 3,047,000 $ 1,750,000
Securities Brokerage Commission [Member] | Related Party [Member]        
Revenues:        
Total revenues 66 510,000 466,000
Securities Brokerage Handling Fee [Member]        
Revenues:        
Total revenues 45 349,000 261,000 162,000
Placing Services Fee [Member]        
Revenues:        
Total revenues 8,237,000 3,776,000
Asset Management Fee [Member] | Nonrelated Party [Member]        
Revenues:        
Total revenues 366 2,845,000 2,944,000 3,479,000
Asset Management Fee [Member] | Related Party [Member]        
Revenues:        
Total revenues 174 1,350,000 1,003,000 3,120,000
Interest Income Nonrelated Party [Member]        
Revenues:        
Total revenues 336 2,607,000 5,565,000 6,425,000
Interest Income Related Party [Member]        
Revenues:        
Total revenues $ 58 $ 452,000 $ 416,000 $ 565,000
[1] Giving retroactive effect to the issuance of ordinary share on July 15, 2022 which are detailed in Note 1.