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Income taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes - Schedule of Components of Income before Income Taxes

The components of income before income taxes are as follows:

Income Taxes - Schedule of Components of Income before Income Taxes

Income / (Loss)	12 months ended December 31,
USD'000	2023		2022		2021
Switzerland Switzerland	(6,525)		—		—
Foreign Foreign	3,481		2,525		(4,821)
Income / (loss) before income tax	(3,043)		2,525		(4,821)

Income Taxes - Schedule of Income Tax Expense

The components of income taxes relating to the Group are as follows:

Income Taxes - Schedule of Income Tax Expense

Income taxes	12 months ended December 31,
USD'000	2023		2022		2021
Switzerland	—		—		—
Foreign	225		(3,245)		6
Income tax expense / (income)	225		(3,245)		6

Income Taxes - Schedule of Income Tax Expense at the Swiss Statutory Rate

The difference between the income tax recovery / (expense) at the local statutory rate compared to the Group’s income tax recovery / (expense) as reported is reconciled below:

Income Taxes - Schedule of Income Tax Expense at the Swiss Statutory Rate

	12 months ended December 31,
USD'000	2023		2022		2021
Net income / (loss) before income tax	(3,043)		2,525		(4,821)
Statutory tax rate	14%		25%		26.5%
Expected income tax (expense)/recovery	426		(631)		1,278
Change in tax loss carryforwards	869		(41)		(382)
Change in loss carryforwards in relation to the debt remission	(514)		1,342		—
Change in valuation allowance	(600)		2,185		660
Foreign tax effects	(75)		(95)		(110)
Nontaxable or nondeductible items	(22)		157		(1,709)
Other	(309)		328		257
Income tax (expense) / recovery	(225)		3,245		(6)

Income Taxes - Schedule of Deferred Tax Assets and Liabilities

The Group’s deferred tax assets and liabilities consist of the following:

Income Taxes - Schedule of Deferred Tax Assets and Liabilities

Deferred income tax assets/(liabilities)	As at December 31,		As at December 31,
USD'000	2023		2022
Switzerland	—		—
Foreign	3,077		3,296
Deferred income tax assets / (liabilities)	3,077		3,296

Deferred tax assets and liabilities	As at December 31,		As at December 31,
USD'000	2023		2022
Defined benefit accrual	(3)		(29)
Tax loss carryforwards	4,468		3,599
Add back loss carryforwards used for the debt remission	828		1,342
Valuation allowance	(2,216)		(1,616)
Deferred tax assets / (liabilities)	3,077		3,296

Income Taxes - Schedule of Operating Loss Carryforward

As of December 31, 2023, the Group’s operating cumulated loss carry-forwards of all jurisdictions are as follows:

Income Taxes - Schedule of Operating Loss Carryforward

Operating loss-carryforward as of December 31, 2023
Total operating loss carry-forwards / Year of expiration if applicable to jurisdiction
USD'000		Switzerland Switzerland	France France	Total
2024		—	—	—
2025		—	—	—
2026		—	—	—
2027		—	—	—
2028		—	—	—
2029		188	—	188
2030		7,189	—	7,189
No expiration		—	13,827	13,827
Totals		7,377	13,827	21,204

Income Taxes - Summary of Income Tax Examinations

The following tax years remain subject to examination:

Income Taxes - Summary of Income Tax Examinations

Significant jurisdictions	Open years
Switzerland	2023
France	2021 - 2023
Japan Japan	2023
Taiwan Taiwan	2023

X

- Definition

Tabular disclosure of the components of income tax expense at the Swiss statutory rate attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded.

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