v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,232 $ 228,131
Trading financial assets 2,182 9,553
Accounts receivable, net 3,158 2,630
Inventories 23,982 33,011
Other receivables, net 310,393 150,281
Intangible assets 79,099 29,873
Tax recoverable 1,871 1,823
Total current assets 463,391 465,139
Non-current assets:    
Operating lease, right-of-use assets 2
Property, plant and equipment, net 1,590 17,143
Goodwill 72 72
Total non-current assets 1,664 17,215
Total assets 465,055 482,354
Current liabilities:    
Accrued liabilities 16,824 21,498
Accounts payable 19,347 12,511
Operating lease liabilities 2
Tax payable 182 169
Other payables 3,940 11,844
Total current liabilities 41,937 46,664
Total liabilities 41,937 46,664
Shareholders’ equity Ordinary shares, $0.75 par value, 6,000,000,000 shares authorized, 13,235,873 Class A shares and 2,934,447 Class B shares issued and outstanding as of December 31, 2025, 2,964,518 Class A shares and 163,210 Class B shares issued and outstanding as of December 31, 2024, respectively 5,055 2,191
Statutory Reserve 161 161
Additional paid-in capital 781,484 761,391
Accumulated deficit (337,870) (290,261)
Accumulated other comprehensive loss (25,691) (31,557)
Non-controlling interests (21) (6,235)
Total shareholders’ equity 423,118 435,690
Total liabilities and shareholders’ equity 465,055 482,354
Related Party    
Current assets:    
Amount due from related parties 39,474 9,837
Current liabilities:    
Amount due to related parties $ 1,642 $ 642