v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash $ 98 $ 177
Restricted cash 3 1,565
Prepayments and other current assets 105 97
Total current assets 206 1,839
Property and equipment, net 3,049 3,386
Operating right-of-use assets 137 158
Deferred offering costs 934 721
Restricted asset 2,034 2,137
Other non-current assets 6 7
Total non-current assets 6,160 6,409
TOTAL ASSETS 6,366 8,248
Current liabilities    
Short-term bank loans 7,225 7,897
Notes and accounts payable 3 2
Accrued expenses 1,203 1,127
Accrued expenses due to related parties 147 55
Current portion of long-term bank loans 57 75
Operating lease liabilities due to related parties-current 159 130
Other current liabilities 3,292 4,951
Other current liabilities due to related parties 41 21
Total current liabilities 12,127 14,258
Long-term loan from third parties 3,131 3,131
Long-term bank loans, net of current portion 2,032 2,238
Operating lease liabilities due to related parties – non-current 16 69
Other non-current liabilities 58 59
Other non-current liabilities due to related parties 628 628
Guarantee liabilities 19,378 18,787
Total non-current liabilities 30,758 28,063
TOTAL LIABILITIES 42,885 42,321
Commitments and contingencies (Note 16)
Shareholders’ deficit    
Ordinary shares, $0.00001 par value; 5,000,000 thousand shares and 73,361 thousand shares issued and outstanding as of December 31, 2023 and 2024, respectively 1 1
Additional paid-in capital 11,805 11,805
Treasury shares, 1,794 thousand shares as of December 31, 2023 and 2024 (16,366) (16,366)
Accumulated deficit (33,080) (30,061)
Accumulated other comprehensive income 1,121 548
Total shareholders’ deficit (36,519) (34,073)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 6,366 8,248
Related Parties    
Current liabilities    
Long-term loan from related parties $ 5,515 $ 3,151