v3.26.1
Note 23 - Share-based Compensation Expenses
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Share-Based Payment Arrangement [Text Block]

23.

Share-based compensation expenses

 

In August and September of 2024, under its 2023 Omnibus Securities and Incentive Plan, the Company granted and issued an aggregate of approximately 0.19 million fully-vested shares of the Company’s restricted common stock to employees of the Company in exchange for their services to the Company. These shares were valued at the closing bid price of the Company’s common stock on the respective date of grant. Total compensation expenses recognized was approximately US$0.45 million for the year ended December 31, 2024.

 

In August 2024, the Company granted and issued approximately 0.18 million fully-vested and non-forfeitable shares of the Company restricted common stock to business and financial consultants in exchange for their service for a 12-month period until August 2025. Total compensation expenses amortized was approximately US$0.23 million and US$0.35 million for the years ended December 31, 2024 and 2025, respectively.

 

The table below summarized share-based compensation expenses recorded for the years ended December 31, 2025 and 2024, respectively:

 

   

Year Ended December 31,

 
   

2025

   

2024

 
   

US$(’000)

   

US$(’000)

 
                 

Sales and marketing expenses

    -       -  

General and administrative expenses

    345       684  

Research and development expenses

    -       -  

Total

    345       684