v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 720 $ 970
Accounts receivable, net of allowance for credit loss of $5,036 and $5,137, respectively 181 545
Prepayment and deposit to suppliers 5,687 5,211
Other current assets, net 829 830
Total current assets 7,417 7,556
Long-term investments 1,117 1,117
Operating lease right-of-use assets 36 48
Property and equipment, net 135 142
Intangible assets, net 458 515
Deposit for investment 300 300
Total Assets 9,463 9,678
Current liabilities:    
Accounts payable 296 169
Advance from customers 469 522
Accrued payroll and other accruals 185 517
Taxes payable 3,302 3,249
Operating lease liabilities 37 49
Other current liabilities 606 566
Total current liabilities 4,895 5,072
Long-term liabilities:    
Deferred tax liabilities 69 78
Total Liabilities 5,090 5,275
Commitments and Contingencies  
Equity:    
Common stock (US$0.001 par value; authorized 12,500,000 shares; issued and outstanding 3,268,429 shares at March 31, 2026 and December 31, 2025) 3 3
Common stock to be issued 420 420
Additional paid-in capital 65,346 65,346
Statutory reserves 2,598 2,598
Accumulated deficit (65,095) (65,221)
Accumulated other comprehensive income 1,040 1,197
Total shareholders’ equity 4,312 4,343
Noncontrolling interests 61 60
Total equity 4,373 4,403
Total Liabilities and Equity 9,463 9,678
Related Party [Member]    
Long-term liabilities:    
Long-term borrowing from a related party $ 126 $ 125