v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net (loss) income $ (397) $ 376 $ 1,860
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property and equipment 414 294 240
Depreciation of right-of-use assets 403 368 357
Provision for impairment for estimated credit loss 800 907 251
Provision for impairment for inventories 11 231
Loss (gain) on disposal of property and equipment 12 (2)
Change in operating assets and liabilities:      
Accounts receivable 3,189 (447) 1,499
Inventories 838 708 (374)
Deposits, prepayments, and other receivables (130) (638) 348
Accounts payable and accrued liabilities 367 2 (279)
Repayment of operating lease liabilities (422) (360) (319)
Customer deposits 201 1,469 (63)
Income tax payable (834) (154) (12)
Net cash provided by operating activities 4,441 2,534 3,739
Cash flows from investing activity:      
Purchase of property and equipment (10) (739) (309)
Net cash used in investing activity (10) (739) (309)
Cash flows from financing activities:      
Repayment of bank borrowings (48,731) (43,299) (47,508)
Proceeds from bank borrowings 45,379 46,494 46,311
Proceeds from issuance of new shares, net of expenses (332)
Repayment to related parties (2,043) (3,373) (2,463)
Repayment of finance lease liabilities (66) (118) (156)
Net cash used in financing activities (5,461) (628) (3,816)
Effect on exchange rate change on cash and restricted cash 316 (196) 114
Net change in cash and restricted cash (714) 971 (272)
CASH AND RESTRICTED CASH, BEGINNING OF FINANCIAL YEAR 2,088 1,117 1,389
CASH AND RESTRICTED CASH, END OF FINANCIAL YEAR 1,374 2,088 1,117
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income taxes 206 280 297
Cash paid for interest 1,345 $ 1,448 $ 1,118
SUPPLEMENTAL NON-CASH FLOW INFORMATION:      
Issuance of ordinary shares in connection with common-control acquisition $ 3