v3.25.4

Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Information [Abstract]

Schedule of Information by Segment

		For the year ended December 31, 2024
		Social media				Sports streaming				Financial services				Corporate				Elimination				Consolidated
Revenue
Loans interest income			—				—				151				—				—				151
Commission			—				—				20,348				—				—				20,348
Recurring asset management service fees			—				—				1,887				—				—				1,887
Advertising revenue			275				1				—				—				—				276
SaaS fees			707				—				—				—				—				707
Subscription fees and paid-per-view fees			19				4,088				—				—				—				4,107
Total revenue			1,001				4,089				22,386				—				—				27,476
Operating expenses
Operating expenses for social media and streaming platform			(522	)			(3,491	)			—				—				—				(4,013	)
Commission expense			—				—				(10,531	)			—				—				(10,531	)
Sales and marketing expenses			(921	)			(426	)			(219	)			—				—				(1,566	)
Research and development expenses			(1,193	)			(135	)			(1,853	)			—				—				(3,181	)
Personnel and benefit expenses			(2,091	)			(86	)			(38,106	)			(44,603	)			—				(84,886	)
Legal and professional fee			(3,048	)			(70	)			(2,321	)			(16,931	)			—				(22,370	)
Legal and professional fee, related party			—				—				—				(949	)			—				(949	)
Office and operating fee, related party			—				—				(4,303	)			—				—				(4,303	)
Provision for allowance for expected credit losses			5				(10	)			(2,544	)			—				—				(2,549	)
Other general and administrative expenses			(1,659	)			(109	)			(4,287	)			(253	)			—				(6,308	)
Total operating expenses			(9,429	)			(4,327	)			(64,164	)			(62,736	)			—				(140,656	)
Other income (expense), net
Interest income			6				—				19				765				(339	)			451
Interest expense			(2,581	)			(132	)			(785	)			(4,778	)			339				(7,937	)
Foreign exchange (loss) gain, net			—				16				(717	)			—				—				(701	)
Impairment on property and equipment			—				—				(104	)			—				—				(104	)
Impairment on intangible assets			(621	)			(210	)			(369	)			—				—				(1,200	)
Impairment on goodwill			(1,000,002	)			(5,776	)			—				—				—				(1,005,778	)
Impairment on right-of-use assets			—				—				(1,664	)			—				—				(1,664	)
Investment loss, net			—				—				(15,971	)			—				—				(15,971	)
Change in fair value of convertible debts			4,447				—				—				—				—				4,447
Change in fair value of warrant liabilities			—				—				—				3,463				—				3,463
Sundry income			31				6				101				—				—				138
Total other expense, net			(998,720	)			(6,096	)			(19,490	)			(550	)			—				(1,024,856	)
Income tax expense			—				—				—				—				—				—
Net loss			(1,007,148	)			(6,334	)			(61,268	)			(63,286	)			—				(1,138,036	)

		For the year ended December 31, 2023
		Financial services				Corporate				Elimination				Consolidated
Revenue
Commission			50,069				—				—				50,069
Asset management service fees			3,963				—				—				3,963
Loans interest income			157				—				—				157
Total revenue			54,189				—				—				54,189
Operating expenses
Commission expense			(37,288	)			—				—				(37,288	)
Sales and marketing expenses			(2,496	)			(1,213	)			—				(3,709	)
Research and development expenses			(949	)			(3,608	)			—				(4,557	)
Personnel and benefit expenses			(128	)			(27,090	)			—				(27,218	)
General and administrative			(17,856	)			(6,622	)			—				(24,478	)
Total operating expenses			(58,717	)			(38,533	)			—				(97,250	)
Other income (expense), net
Interest income			39				345				—				384
Interest expense			(388	)			(396	)			—				(784	)
Others			6,715				(12,173	)			—				(5,458	)
Total other income (expense), net			6,366				(12,224	)			—				(5,858	)
Income tax expense			(280	)			(7	)			—				(287	)
Net income (loss)			1,558				(50,764	)			—				(49,206	)

The following tables present a summary of the Company’s assets by reportable segment as of December 31, 2024 and 2023:

		As of December 31, 2024
		Social media				Sports streaming				Financial services				Corporate				Elimination				Consolidated
Long-term investments, net			—				—				25,455				—				—				25,455
Other assets			7,506				5,614				18,121				37,514				(43,632	)			25,123
Total assets			7,506				5,614				43,576				37,514				(43,632	)			50,578

		As of December 31, 2023
		Financial services				Corporate				Elimination				Consolidated
Long-term investments, net			25,725				—				—				25,725
Other assets			13,788				27,076				—				40,864
Total assets			39,513				27,076				—				66,589

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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