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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Profit (loss) before tax $ 5,531 $ (161,452) $ (156,435)
Adjustments to reconcile profit (loss)      
Depreciation expense 638 703 598
Amortization expense 75 63 47
Interest income (9,498) (2,029) (131)
Interest expense 15 8 9
Net (gains) losses on financial liabilities at fair value through profit or loss (1,641) 93,777 150,745
Share-based payment transactions 3,210 2,175 1,782
Recognition of listing expense 0 65,264 0
Changes in operating assets and liabilities      
Accounts receivable 759 (1,479) (1,059)
Current contract assets 866 (3,701) 0
Other receivables 3 (3) 7
Other receivables – related parties 0 0 16
Inventories 12 43 0
Other current assets 662 (4,418) (78)
Current contract liabilities 2,366 4,783 4,108
Other payables 1,050 772 1,653
Other payables – related parties (12) (2) (11)
Current provisions 565 897 586
Other current liabilities 27 (80) 255
Net defined benefit liability, non-current 3 1 0
Cash inflow (outflow) generated from operations 4,631 (4,678) 2,092
Interest received 9,464 1,724 129
Interest paid (15) (8) (9)
Income tax paid (502) (343) (664)
Net cash flows from (used in) operating activities 13,578 (3,305) 1,548
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of financial assets at amortized cost (196,100) (30,000) 0
Proceeds from disposal of financial assets at amortized cost 195,800 0 0
Acquisition of property, plant and equipment (289) (165) (154)
Acquisition of intangible assets (33) (93) (32)
Increase in guarantee deposits paid (15) 0 (27)
Net cash flows used in investing activities (637) (30,258) (213)
CASH FLOWS FROM FINANCING ACTIVITIES      
Repayment of principal portion of lease liabilities (435) (457) (393)
Employee stock options exercised 0 5,592 330
Proceed received upon recapitalization 0 112,893 0
Payments to acquire treasury shares (51,064) 0 0
Net cash flows from (used in) financing activities (51,499) 118,028 (63)
Effects of exchange rates changes on cash and cash equivalents (187) (2,302) 163
Net increase (decrease) in cash and cash equivalents (38,745) 82,163 1,435
Cash and cash equivalents at beginning of year 162,616 80,453 79,018
Cash and cash equivalents at end of year $ 123,871 $ 162,616 $ 80,453