v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net loss $ (3,019) $ (4,400)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 120 127
Noncash operating lease expenses 170 175
Fair value changes in the guarantee liabilities 591 379
Changes in operating assets and liabilities:    
Prepayments and other current assets (8) (2)
Notes and accounts payable 1 (2)
Accrued expenses 76 254
Accrued expenses due to related parties 92 42
Operating lease liabilities due to related parties (124) (128)
Other current liabilities (1,542) 878
Other current liabilities due to related parties 20 17
Other non-current liabilities (1) 59
Net cash used in operating activities (3,624) (2,601)
Cash flows from investing activities    
Proceeds from maturity of time deposits 95
Net cash provided by investing activities 95
Cash flows from financing activities    
Payments of deferred offering costs (213) (445)
Proceeds from short-term bank loans 9,241 9,803
Repayment of short-term bank loans (9,394) (9,113)
Proceeds of loan from related parties 2,427 2,026
Repayments of loan from related parties (120)
Repayments of long-term bank loans (71) (123)
Net cash provided by financing activities 1,990 2,028
Effects of exchange rate changes on cash and restricted cash (7) (54)
NET DECREASE IN CASH AND RESTRICTED CASH (1,641) (532)
CASH AND RESTRICTED CASH AT BEGINNING OF THE YEAR 1,742 2,274
CASH AND RESTRICTED CASH AT END OF THE PERIOD 101 1,742
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Income taxes paid
Interest paid 223 104
Reconciliation to amount on consolidated balance sheets    
Cash 98 177
Restricted cash 3 1,565
TOTAL CASH AND RESTRICTED CASH $ 101 $ 1,742