v3.26.3
Others (Tables)
 6 Months Ended
Jun. 30, 2026
Others [Abstract]  
Schedule of gearing ratios
As of December 31, 2025 and June 30, 2026, the Group’s gearing ratios are as follows:
December 31, 2025June 30, 2026
Total liabilities$38,875 $37,681 
Total equity$153,095 $156,939 
Gearing ratio0.250.24
Schedule of financial instruments by category Financial instruments by category
December 31, 2025June 30, 2026
Financial assets
Financial assets at amortized cost
Cash and cash equivalents$125,976 $125,621 
Current financial assets at amortized cost36,300 36,400 
Accounts receivable7,567 5,955 
Other receivables358 423 
Non-current financial assets at amortized cost10,173 15,122 
Guarantee deposits paid193 170 
$180,567 $183,691 
December 31, 2025June 30, 2026
Financial liabilities
Financial liabilities at fair value through profit or loss
Warrant liabilities$419 $27 
Financial liabilities at amortized cost
Other payables (including related parties)$12,903 $13,457 
Lease liabilities$683 $644 
Except for those listed in the table below, the carrying amounts of the Group’s financial instruments not measured at fair value (including cash and cash equivalents, current financial assets at amortized cost, accounts receivable, other receivables (including related parties), guarantee deposits paid, other payables (including related parties) and lease liabilities) are approximate to their fair values.
December 31, 2025
Fair value
Financial assets:Book valueLevel 1Level 2Level 3
Financial assets at amortized cost
US Treasury$10,173 $10,070 $— $— 
June 30, 2026
Fair value
Financial assets:Book valueLevel 1Level 2Level 3
Financial assets at amortized cost
US Treasury$15,122 $14,969 $— $— 
Schedule of significant financial assets and liabilities denominated in foreign currencies The Group’s business involves some non-functional currency operations (the Company’s and certain subsidiaries’ functional currency: USD; other certain subsidiaries’ functional currency: JPY, RMB and EUR). The information of and sensitivity analysis for significant financial assets and liabilities denominated in foreign currencies illustrate as follows:
December 31, 2025
Foreign currency amount (in thousands)Exchange rateFunctional currencyBook value (USD)Sensitivity analysis
Degree of variationEffect on profit or loss
Financial assets
Monetary items
NTD:USD$252,844 0.0318$8,040 $8,040 1%$80 
EUR:USD403 1.1740473 473 1%5 
JPY:USD406,761 0.00642,603 2,603 1%26 
USD:RMB327 6.99072,286 327 1%3 
Financial liabilities
Monetary items
EUR:USD240 1.1740282 282 1%3 
USD:JPY98 156.5215,339 98 1%1 
June 30, 2026
Foreign currency amount (in thousands)Exchange rateFunctional currencyBook value (USD)Sensitivity analysis
Degree of variationEffect on profit or loss
Financial assets
Monetary items
NTD:USD$85,431 0.0314$2,683 $2,683 1%$27 
EUR:USD338 1.1393385 385 1%4 
JPY:USD561,048 0.00623,478 3,478 1%35 
USD:JPY314 162.2550,947 314 1%3 
Financial liabilities
Monetary items
EUR:USD223 1.1393254 254 1%3 
USD:JPY66 162.2510,709 66 1%1 
Schedule of ageing analysis of accounts receivable The aging analysis of accounts receivable is as follows:
December 31, 2025June 30, 2026
Not past due$7,124 $5,783 
Up to 30 days75 69 
31 to 90 days149 65 
91 to 180 days286 89 
Over 181 days114 125 
Less: Allowance for expected credit losses(181)(176)
$7,567 $5,955 
As of December 31, 2025 and June 30, 2026, the provision matrix is as follows:
December 31, 2025Not past dueUp to 30 days
past due		31~90 days
past due		91~180 days
past due		Over 181 days past dueTotal
rate
0%~0.2%
0.15%~15.58%
0.31%~33.48%
0.63%~100%
100%
Total book value$7,124 $75 $149 $286 $114 $7,748 
Loss allowance3 6 38 20 114 181 
June 30, 2026Not past dueUp to 30 days
past due		31~90 days
past due		91~180 days
past due		Over 181 days past dueTotal
rate
0%~0.02%
4.04%~6.63%
12.74%~20.36%
18.79%~95.36%
100%
Total book value$5,783 $69 $65 $89 $125 $6,131 
Loss allowance1 3 10 37 125 176 
Schedule of financial assets Financial assets at fair value through profit or loss
December 31, 2025June 30, 2026
Current items:
Financial assets mandatorily measured at fair value through profit and loss
Money market funds$— $— 
A.Amounts recognized in profit or loss in relation to financial assets at fair value through profit or loss are as follows:
Six months ended June 30,
20252026
Financial assets mandatorily measured at fair value through profit and loss
Money market funds$9 $26 
Financial assets at amortized cost
December 31, 2025June 30, 2026
Current items:
Time deposits with maturities over three months$36,300 $36,400 
Non-current items:
US Treasury$10,173 $15,122 
A.Amounts recognized in profit or loss in relation to financial assets at amortized cost are listed below:
Six months ended June 30,
20252026
Interest income from financial assets at amortized cost$772 $897 
B.The counterparties of the Group's time deposits are financial institutions with high credit quality, so the Group expects that the probability of counterparty default is remote. As of June 30, 2026, 100% of current financial assets at amortized cost are denominated in U.S. Dollars.
C.As at December 31, 2025 and June 30, 2026, without taking into account any collateral held or other credit enhancements, the maximum exposure to credit risk in respect of the amount that best represents the financial assets at amortized cost held by the Group was $46,473 and $51,522, respectively.
D.The Group has no financial assets at amortized cost pledged to others.
E.Information relating to credit risk of financial assets at amortized cost is provided in Note 12(2).
Movements in relation to the Group applying the modified approach to provide loss allowance for accounts receivable is as follows:
Accounts receivable
At December 31, 2025$181 
Provision for impairment363 
Write-offs(368)
At June 30, 2026$176 
Schedule of contractual undiscounted cash flows of non-derivative financial liabilities The amounts disclosed in the table are the contractual undiscounted cash flows.
Non-derivative financial liabilities: December 31, 2025Less than 1 yearBetween 1-5 yearsOver 5 years
Financial liabilities at fair value through profit or loss$— $419 $— 
Other payables (including related parties)12,903 — — 
Lease liabilities (Note)456 240 — 
Non-derivative financial liabilities: June 30, 2026Less than 1 yearBetween 1-5 yearsOver 5 years
Financial liabilities at fair value through profit or loss$— $27 $— 
Other payables (including related parties)13,457 — — 
Lease liabilities (Note)489 168 — 
Note. The amount included the interest of estimated future payments.
Schedule of natures of the liabilities The related information of natures of the assets and liabilities is as follows:
December 31, 2025Level 1Level 2Level 3Total
Liabilities
Recurring fair value measurements
Financial liabilities at fair value through profit or loss
Compound instrument:
Warrant liabilities$419 $— $— $419 
June 30, 2026Level 1Level 2Level 3Total
Liabilities
Recurring fair value measurements
Financial liabilities at fair value through profit or loss
Compound instrument:
Warrant liabilities$— $— $27 $27 
Schedule of significant unobservable inputs used in fair value measurement of liabilities The following is the qualitative information of significant unobservable inputs and sensitivity analysis of changes in significant unobservable inputs to valuation model used in Level 3 fair value measurement:
Fair value at June 30, 2026Valuation techniqueunobservable
input		Relationship
of inputs to fair value
Compound instrument:
Warrant liabilities$27 Monte Carlo Simulation Model
VolatilityThe higher the volatility, the higher the fair value
Probability of completion of the proposed going-private transactionThe higher the probability of completion, the lower the fair value
Schedule of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities The following is the effect of profit or loss from financial liabilities categorized within Level 3 if the inputs used to valuation models have changed:
June 30, 2026
Recognized in profit or loss
InputChangeFavourable changeUnfavourable change
Warrant liabilities
Volatility±1%$3 $(3)
Probability of completion of the proposed going-private transaction±1%$1 $(1)