v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net loss $ (1,771,000) $ (3,769,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 232,000 938,000
Amortization of operating lease right-of-use assets 46,000 22,000
Share-based compensation expenses 346,000 684,000
Loss on disposal of fixed assets 0 3,000
Impairment on long-term investments 0 2,000
Provision for allowances for credit losses 693,000 846,000
Deferred taxes (29,000) 399,000
Gain on disposal of subsidiaries 0 (23,000)
Other non-operating (income)/losses (189,000) (397,000)
Changes in operating assets and liabilities    
Accounts receivable 852,000 (1,667,000)
Prepayment and deposit to suppliers (1,022,000) 616,000
Other current assets 1,000 (3,000)
Accounts payable 74,000 (106,000)
Advance from customers 23,000 (284,000)
Accrued payroll and other accruals (105,000) 211,000
Other current liabilities (65,000) 492,000
Taxes payable 30,000 2,000
Operating lease liabilities (45,000) (24,000)
Net cash used in operating activities (929,000) (2,058,000)
Cash flows from investing activities    
Purchase of vehicles, furniture and office equipment (65,000) (3,000)
Purchase of intellectual property (600,000) 0
Cash effect of deconsolidation of subsidiaries 0 (6,000)
Investment and advances to ownership investee entities 0 (2,000)
Net proceeds from disposal of long-term investments 0 147,000
Cash acquired during the period 0 9,000
Repayment of short-term loans and interest income from unrelated parties 1,121,000 901,000
Cash paid for acquisition of equity interests (300,000) 0
Deposit for other investing contracts (300,000) (151,000)
Net cash provided by investing activities (144,000) 895,000
Cash flows from financing activities    
Advance from investors 0 1,075,000
Proceeds from PIPE transactions, net of $45 of direct offering costs paid by cash 1,233,000 0
Capital contribution from noncontrolling interest 0 70,000
Net cash provided by financing activities 1,233,000 1,145,000
Effect of exchange rate fluctuation on cash and cash equivalents    
Effect of exchange rate fluctuation on cash and cash equivalents (2,000) 13,000
Net (decrease)/increase in cash and cash equivalents 158,000 (5,000)
Cash and cash equivalents, at beginning of the year 812,000 817,000
Cash and cash equivalents, at end of the year 970,000 812,000
Supplemental disclosure of cash flow information    
Private placement completed during the period 1,075,000 0
Unpaid direct offering cost incurred during the period 63,000 0
Common stock to be issued for an investment transaction consummated during the period $ 420,000 $ 0