v3.26.1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Summary of Significant Accounting Policies [Abstract]  
Schedule of Intangible Assets are Carried at Cost Less The estimated useful life for the intangible assets is as follows:
Category   Estimated
useful
lives
Customer relationship   8 years
Exclusive contractual technology license   8 years
Software copyright   8 years
Schedule of Fair Value Measurements of Liabilities

The following table details the fair value measurements of liabilities that were measured at fair value on a recurring basis based on the following three-tiered fair value hierarchy per ASC 820, Fair Value Measurement, as of June 30, 2026 and December 31, 2025.

 

   Fair Value Measurement using 
   Level 1   Level 2   Level 3   Total fair
value		 
Warrant liabilities:                
As of June 30, 2026 (Unaudited)  $72   $
       -
   $
     -
   $72 
As of December 31, 2025  $87   $
-
   $
-
   $87 
Convertible notes:                    
As of June 30, 2026 (Unaudited)  $
-
   $
-
   $2,985   $2,985 
As of December 31, 2025  $
-
   $
-
   $11,126   $11,126 
Schedule of Changes for Warrant Liabilities Measured at Fair Value The changes for warrant liabilities measured at fair value are as follows:
   Private   Representative 
   Warrants   Warrants 
Fair value as of December 31, 2025  $18   $69 
Change in fair value   (3)   (12)
Fair value as of June 30, 2026 (Unaudited)  $15   $57 
Schedule of Reconciliation Convertible Note Measured at Fair Value on Recurring Basis

The following is a reconciliation of the beginning and ending balances for convertible notes measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the six months ended June 30, 2026, see Note 12 for details:

 

   Convertible
notes		 
Opening balance as of December 31, 2025   11,126 
New convertible notes issued  $2,937 
Debt issuance expenses   564 
Changes in fair value of convertible notes   1,956 
Conversion to Class B ordinary shares   (13,598)
Ending balance as of June 30, 2026 (Unaudited)  $2,985 
Schedule of Following Table Identifies the Disaggregation

The following table identifies the disaggregation of the Group’s revenues from continuing operations for the six months ended June 30, 2026 and 2025, respectively:

 

   For the six months ended
June 30,		 
   2026   2025 
   (Unaudited)   (Unaudited) 
Operational management and delivery services  $54,371   $
-
 
Sales of smart electric vehicles   700    572 
Total  $55,071   $572 
Schedule of Currency Exchange Rates of Consolidated Financial Statements

The following table outlines the currency exchange rates that were used in creating the unaudited condensed consolidated financial statements:

 

   As of
June 30,		   As of
December 31,		 
Balance sheet items, except for equity accounts  2026   2025 
US$ against RMB   6.7851    6.9931 
US$ against AED   3.6727    3.6728 
US$ against JPY   162.6100    * 

 

   For the six months ended
June 30,		 
Items in the statements of operations and comprehensive loss, and statements of cash flows  2026   2025 
US$ against RMB   6.8624    7.2526 
US$ against AED   3.6730    3.6728 
US$ against JPY   158.1514    * 

 

*There is no JPY transaction during the periods presented.
Schedule of Disaggregation of Groups Long-Lived Assets by Geographic Area The following table sets forth the disaggregation of the Groups long-lived assets by geographic area:
   As of
June 30,		   As of
December 31,		 
   2026   2025 
   (Unaudited)     
Japan  $711   $
-
 
The British Virgin Islands   285    
-
 
The United Arab Emirates   162    152 
Total  $1,158   $152