| Disposal Groups, Including Discontinued Operations [Table Text Block] |
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As of
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December 31, 2025
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June 30, 2026
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(Unaudited)
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Assets
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Current assets:
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Cash and cash equivalents
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$ |
4,352 |
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$ |
2,668 |
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Short-term investments
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3,531 |
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- |
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Advances to suppliers
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117 |
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156 |
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Prepaid expenses and other current assets
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23 |
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28 |
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Total current assets
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8,023 |
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2,852 |
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Noncurrent assets:
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Property and equipment, net
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1,373 |
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1,373 |
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Operating right-of-use assets
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2,683 |
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2,434 |
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Other noncurrent assets
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300 |
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458 |
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Total noncurrent assets
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4,356 |
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4,265 |
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Total assets
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$ |
12,379 |
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$ |
7,117 |
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Liabilities and equity
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Current liabilities:
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Short-term loans
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$ |
4,369 |
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$ |
- |
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Accounts payable
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361 |
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4,974 |
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Accrued expenses
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3,105 |
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2,052 |
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Current portion of operating lease liabilities
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430 |
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447 |
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Deferred revenue
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2,001 |
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2,001 |
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Other current liabilities
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867 |
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1,313 |
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Total current liabilities
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11,133 |
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10,787 |
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Noncurrent liabilities:
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Operating lease liabilities
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1,945 |
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1,721 |
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Deferred revenue
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1,821 |
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821 |
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Total noncurrent liabilities
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3,766 |
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2,542 |
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Total liabilities
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$ |
14,899 |
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$ |
13,329 |
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Three months ended June 30,
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Six months ended June 30,
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2025
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2026
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2025
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2026
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(Unaudited)
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(Unaudited)
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(Unaudited)
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(Unaudited)
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Revenue
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$ |
500 |
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$ |
500 |
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$ |
1,000 |
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$ |
1,000 |
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Operating expenses
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Research and development
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(2,498 |
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(2,876 |
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(5,487 |
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(6,330 |
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General and administrative
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(862 |
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(1,579 |
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(1,726 |
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(2,960 |
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Loss from operations
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(2,860 |
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(3,955 |
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(6,213 |
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(8,290 |
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Foreign exchange gain, net
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1 |
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- |
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1 |
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- |
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Interest income
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46 |
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2 |
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114 |
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9 |
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Other income, net
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42 |
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3 |
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95 |
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8 |
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Loss before income tax
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(2,771 |
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(3,950 |
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(6,003 |
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(8,273 |
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Income tax expense
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- |
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- |
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- |
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- |
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Loss from discontinued operations before disposal
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(2,771 |
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(3,950 |
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(6,003 |
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(8,273 |
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Gain on sale of subsidiary interests
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- |
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- |
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6,986 |
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- |
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Net income (loss) from discontinued operations
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$ |
(2,771 |
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$ |
(3,950 |
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$ |
983 |
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$ |
(8,273 |
) |
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Six months ended June 30,
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2025
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2026
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(Unaudited)
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(Unaudited)
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Net cash used in discontinued operating activities
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$ |
(5,790 |
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$ |
(4,552 |
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Net cash provided by discontinued investing activities
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$ |
9,800 |
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$ |
3,531 |
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Net cash used in discontinued financing activities
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$ |
- |
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$ |
(4,223 |
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Gain recognized on
the First Closing
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Six months ended
June 30, 2025
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Fair value of consideration received
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$ |
7,354 |
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Less: Adjustments to noncontrolling interests (6.75% of the equity interests)
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|
368 |
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Gain on sale of subsidiary interests
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$ |
6,986 |
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