v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 970 $ 812
Accounts receivable, net of allowance for doubtful accounts of $5,137 and $4,817 respectively 545 1,614
Prepayment and deposit to suppliers 5,211 4,508
Other current assets, net 830 2,239
Total current assets 7,556 9,173
Long-term investments 1,117 397
Operating lease right-of-use assets 48 0
Property and equipment, net 142 116
Intangible assets, net 515 0
Deposit for investment 300 0
Total Assets 9,678 9,686
Current liabilities:    
Accounts payable [1] 169 93
Advance from customers [1] 522 489
Accrued payroll and other accruals [1] 517 557
Taxes payable [1] 3,249 3,152
Operating lease liabilities [1] 49 0
Advance from investors 0 1,075
Other current liabilities [1] 566 480
Total current liabilities 5,072 5,846
Long-term liabilities:    
Deferred tax liability 78 0
Total Liabilities 5,275 5,968
Commitments and Contingencies  
Equity:    
Common stock (US$0.001 par value; authorized 12,500,000 shares; issued and outstanding 3,268,429 shares and 2,301,205 shares at December 31, 2025 and 2024, respectively) [2] 3 2
Common stock to be issued 420 0
Additional paid-in capital [2] 65,346 63,102
Statutory reserves 2,598 2,598
Accumulated deficit (65,221) (63,451)
Accumulated other comprehensive income 1,197 1,407
Total ZW Data Action Technologies Inc.’s stockholders’ equity 4,343 3,658
Noncontrolling interests 60 60
Total equity 4,403 3,718
Total Liabilities and Equity 9,678 9,686
Related Party [Member]    
Long-term liabilities:    
Long-term borrowing from a related party $ 125 $ 122
[1] Liabilities recognized as a result of consolidating the VIEs do not represent additional claims on the Company’s general assets (Note 2).
[2] Retrospectively restated for effect of the 1-for-4 reverse stock split effective September 30, 2024, respectively. See Note 4(l).