v3.26.1
Consolidated Balance Sheets
$ in Thousands, $ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2025
HKD ($)
Dec. 31, 2024
HKD ($)
Current assets:      
Cash and cash equivalents $ 1,665 $ 12,963 $ 30,618
Cash segregated for regulatory purpose 2,625 20,431 9,969
Receivables from:      
Broker-dealers, net of allowance of HKD9,000 and HKD9,000 as of December 31, 2024 and 2025, respectively 18 142 267
Clearing organization, net of allowance of nil and nil as of December 31, 2024 and 2025 50 387 696
Prepaid expenses and other current assets 2,044 15,910 5,485
Income tax recoverable 66 521 692
Total current assets 14,273 111,101 64,546
Non-current assets:      
Property and equipment, net 72 560 966
Right-of-use assets 130 1,009 2,083
Intangible asset, net 456 3,550 600
Deferred tax assets 3,087
Investment under equity method 329 2,557
Refundable deposit 62 475 447
Total non-current assets 1,049 8,151 7,183
TOTAL ASSETS 15,322 119,252 71,729
Payables to:      
Clearing organizations 4 35 25
Accruals and other current liabilities 451 3,510 2,686
Accrued commission expense 117 909 1,327
Lease liabilities - current 129 1,001 1,133
Total current liabilities 4,138 32,210 15,516
Non-current liabilities:      
Lease liabilities - non-current 994
Total non-current liabilities 994
TOTAL LIABILITIES 4,138 32,210 16,510
COMMITMENTS AND CONTINGENCIES  
Shareholders’ equity      
Preferred shares US$0.0001 par value per share; 3,000,000 authorized; nil and nil share issued and outstanding as of December 31, 2024 and 2025 Ordinary shares US$0.0001 par value per share; 300,000,000 authorized; 12,000,000 and 15,350,000 shares issued and outstanding as of December 31, 2024 and 2025 2 12 9
Additional paid-in capital 17,258 134,328 63,155
Accumulated deficit (6,076) (47,298) (7,945)
Total shareholders’ equity 11,184 87,042 55,219
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 15,322 119,252 71,729
Nonrelated Party [Member]      
Current assets:      
Loans to customers 7,227 56,250 15,901
Receivables from:      
Receivables from customers 31 239 167
Payables to:      
Payables to customers 2,035 15,836 4,912
Related Party [Member]      
Current assets:      
Loans to customers 528 4,108
Receivables from:      
Receivables from customers 11 91 343
Amount due from related parties 8 59 408
Payables to:      
Payables to customers 631 4,919 5,433
Amount due to a related party $ 771 $ 6,000