v3.26.1
INCOME TAX - Deferred income tax (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2017
Deferred income tax assets        
Research and development credits $ 1,741 $ 711    
Capitalized research and development expenses 1,331 553    
Net operating loss carryforwards 17,414 9,671    
Total 20,486 10,935    
Valuation allowance (20,486) (10,935) $ (6,216)  
United States        
Deferred income tax assets        
Net operating loss carryforwards 10,957 5,796   $ 603
Remaining federal net operating loss carryforwards $ 8,766      
Percentage of taxable income for operating loss carried forward indefinitely 80.00%      
State        
Deferred income tax assets        
Net operating loss carryforwards $ 1,434      
Australia        
Deferred income tax assets        
Net operating loss carryforwards 6,542 4,897    
Hong Kong        
Deferred income tax assets        
Net operating loss carryforwards 79,114 43,471    
PRC        
Deferred income tax assets        
Net operating loss carryforwards 185 125    
Switzerland        
Deferred income tax assets        
Net operating loss carryforwards 3,120      
R&D expenses capitalized for federal and state tax purpose        
Deferred income tax assets        
Research and development expenses capitalized for federal and state tax purpose $ 8,278      
Amortization period 5 years      
Research and development credit carryforwards        
Deferred income tax assets        
U.S. federal and state credit carryforwards $ 1,741 $ 711