v3.25.1
Unaudited 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)/income $ (1,989) $ (2,824) $ 5,637
Adjustments to reconcile net income/(loss) to net cash generated from operating activities:      
Depreciation 3,671 3,151 4,176
Realized loss/(gain) on exchange of digital assets (713) (34) 273
Equity income on equity method investments (75) (12) (512)
Share-based compensation expenses 571 138 849
Net loss/(gain) on disposal of property and equipment 45 357 (3,866)
Amortization of operating lease right-of-use asset 10 1,346
Impairment losses on cryptocurrency assets 3
Provision for impairment loss of account receivables and other receivables 1,652
Deferred income tax (benefit)/expense 59
Loss on disposal and closure of subsidiaries and branches 2,639
Gains on disposal of subsidiaries and VIEs (10,835)
Changes in operating assets and liabilities, net of effect of acquisitions and disposals of subsidiaries:      
Increase/(decrease) in accounts receivable 8 3,417 (10,325)
Increase in right-of-use asset (394)
Decrease in contract assets 214
Decrease in other contract costs 2,723
Decrease in other non-current assets 1,479
(Increase)/decrease in prepayments and other current assets 8 3,003 (969)
Change of Digital assets 64 (311) (367)
Increase/(decrease) in accounts payable (13) (3,327) 3,289
(Increase)/decrease in deferred revenue (126) 250 (12,613)
Decrease in salary and welfare payable (2,609)
Decrease in financial liabilities from contracts with customers (10,169)
Increase/(decrease) in accrued expenses and other payables 121 (1,849)
(Decrease in prepaid tax 34
Increase/(decrease) in operating lease liability 49 (1,314)
Increase in income taxes payable 9
Increase of lease liability-non-current 320
Net cash flow generated from/(used in) operating activities 1,557 3,808 (31,046)
Cash flows from investing activities:      
Purchases of property and equipment (2,744) (2,501) (8,875)
Disposal of subsidiaries and VIEs (2,534)
Payment for investment in associate (1,799)
Proceeds from disposal of property and equipment 564 10,605
Advances to related parties (4,697) (2,683) (194)
Repayment of advances to related parties 441 441
Net cash used in investing activities (7,000) (4,620) (2,356)
Cash flows from financing activities:      
Proceeds from Short term loans 810 182 1,041
Repayment of Short term loans (451) (927) (1,041)
Advances from related parties 4,063
Repayment of advances from related parties (2,770)
Reserves recapitalization and proceeds from issuance of ordinary shares 19,941 1,552
Proceeds from issuance of ordinary shares for private placement 6,459
Net cash generated from financing activities 20,300 807 7,752
Net increase/(decrease) in cash and cash equivalents and restricted cash 14,857 (5) (25,650)
Cash and cash equivalents and restricted cash at the beginning of the year 43 48 25,698
Cash and cash equivalents and restricted cash at the end of the year 14,900 43 48
Supplemental disclosure of cash flow information:      
Interest paid 21 63 23
Income tax paid 104
Supplemental disclosure of non-cash flow information:      
Lease liability arising from obtaining right-of-use asset 394
Non-cash issuance of common shares for the purchase of equity in a joint venture 1,051
Non-cash issuance of common shares for the payment of mining facility acquisition 360
Issuance of ordinary shares for previously received cash proceeds $ 542