Prepaid expenses and other current assets consisted of the following: | | | As of
December 31, | | | As of
June 30, | | | | | 2025 | | | 2026 | | | | | | | | (Unaudited) | | | Loan to a third party (a) | | $ | - | | | $ | 7,213 | | | Export input VAT receivables (b) | | | 4,662 | | | | 4,975 | | | Advances to suppliers | | | 389 | | | | 3,704 | | | Insurance receivables on written-off accounts receivables (c) | | | 157 | | | | 574 | | | Interest receivable | | | 352 | | | | 472 | | | Security deposits | | | 266 | | | | 298 | | | Employee receivables and business advances | | | 502 | | | | 262 | | | Receivable from third parties (d) | | | 154 | | | | 93 | | | Others | | | 25 | | | | - | | | Total | | $ | 6,507 | | | $ | 17,591 | | | (a) | On June 15, 2026, Aster Graphics Company Limited entered into a six-month loan agreement with a third party for a principal amount of $7,200. The loan matures on December 15, 2026 and bears interest at an annual rate of 4.50%. For the six months ended June 30, 2026, the Group recognized $13 of interest income from the loan. | | (b) | Export input VAT receivables mainly represent the refundable input VAT paid by the Group on the production of goods in the PRC that is recoverable upon export declaration. | | (c) | Insurance receivables on written-off accounts receivable mainly represent claim amounts due from insurance companies. | | (d) | Receivable from third parties represents funds held on third-party settlement platforms. |
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