v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income/(loss) $ 126 $ (530)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 66 23
Amortization of operating lease right-of-use assets 12 12
Share-based compensation expenses 0 143
(Reverse)/Provision for allowances for credit losses (185) 387
Deferred taxes (9) (2)
Other non-operating (income)/losses (45) (54)
Changes in operating assets and liabilities    
Accounts receivable 544 (515)
Prepayment and deposit to suppliers (458) (137)
Other current assets 0 1
Accounts payable 125 3
Advance from customers (61) (37)
Accrued payroll and other accruals (333) (277)
Other current liabilities (68) 6
Taxes payable 6 3
Operating lease liabilities (12) (10)
Net cash used in operating activities (292) (984)
Cash flows from investing activities    
Purchases of vehicles and office equipment, leasehold improvement 0 (37)
Purchase of intellectual property 0 (600)
Repayment of short-term loans and interest income from unrelated parties 51 1,121
Net cash provided by/(used in) investing activities 51 484
Cash flows from financing activities    
Advances from Investors 0 500
Net cash provided by financing activities 0 500
Effect of exchange rate fluctuation on cash and cash equivalents    
Effect of exchange rate fluctuation on cash and cash equivalents (9) (5)
Net decrease in cash and cash equivalents (250) (5)
Cash and cash equivalents at beginning of the period 970 812
Cash and cash equivalents at end of the period 720 807
Supplemental disclosure of cash flow information    
Income taxes paid 0 0
Interest expense paid $ 0 $ 0