v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 945 $ 5
Accounts receivable, net 325  
Inventories 134  
Prepayments and other current assets 404 3
Current assets of discontinued operation   12,936
Total current assets 1,808 12,944
Non-current assets:    
Goodwill 3,759  
Intangible assets, net 3,660  
Property, equipment and software, net 12  
Operating right-of-use assets, net 99  
Other non-current assets 9  
Non-current assets of discontinued operations   1,228
Total non-current assets 7,539 1,228
TOTAL ASSETS 9,347 14,172
Current liabilities:    
Short-term borrowing 0 250
Accounts payable 137  
Accrued expenses and other liabilities 1,222 273
Operating lease liabilities, current 85  
Current liabilities of discontinued operations (including amounts of consolidated VIEs of US$47,545 and nil, respectively)   67,053
Total current liabilities 1,444 67,576
Non-current liabilities:    
Long-term borrowing 1,800 0
Operating lease liabilities, non-current 24  
Non-current liabilities of discontinued operations (including amounts of consolidated VIEs of US$727 and nil, respectively)   727
Total non-current liabilities 1,824 727
TOTAL LIABILITIES 3,268 68,303
Commitments and contingencies (Note 16)
SHAREHOLDERS' (DEFICIT)/EQUITY    
Additional paid-in capital 371,955 303,532
Statutory reserves   1,474
Accumulated other comprehensive income/(loss) (364) 9,216
Accumulated deficit (370,181) (370,331)
Total shareholders' (deficit)/equity 1,490 (56,039)
Non-controlling interests 4,589 1,908
TOTAL (DEFICIT)/EQUITY 6,079 (54,131)
TOTAL LIABILITIES AND (DEFICIT)/EQUITY 9,347 14,172
Class A Ordinary Shares    
SHAREHOLDERS' (DEFICIT)/EQUITY    
Ordinary shares 74 63
Class B Ordinary Shares    
SHAREHOLDERS' (DEFICIT)/EQUITY    
Ordinary shares $ 6 $ 7