v3.25.4
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues    
Loan interest income $ 151 $ 157
Commissions 20,348 50,069
Recurring asset management service fees 1,887 2,993
Recurring asset management service fees, related parties 970
Advertising revenue 276
SaaS fees 707
Subscription fee and paid-per-view fees 4,107
Total revenues 27,476 54,189
Operating expenses    
Operating expense for social media and streaming platform (4,013)
Commission expense (10,531) (37,288)
Sales and marketing expense (1,566) (3,709)
Research and development expense (3,181) (4,557)
Personnel and benefit expense (84,886) (27,218)
Legal and professional fee (22,370) (13,601)
Legal and professional fee, related party (949) (333)
Office and operating fee, related party (4,303) (6,040)
Provision for allowance for expected credit losses (2,549) (1,077)
Other general and administrative expenses (6,308) (3,427)
Total operating expenses (140,656) (97,250)
Loss from operations (113,180) (43,061)
Other income (expense)    
Interest income 451 384
Interest expense (7,937) (784)
Foreign exchange (loss) gain, net (701) 909
Impairment on property and equipment (104)
Impairment on intangible assets (1,200)
Impairment on goodwill (1,005,778)
Impairment on right-of-use assets (1,664)
Investment loss, net (15,971) (6,879)
Change in fair value of convertible debts 4,447
Change in fair value of warrant liabilities 3,463 5
Change in fair value of forward share purchase liability (82)
Loss on settlement of forward share purchase agreement (379)
Sundry income 138 968
Total other expense, net (1,024,856) (5,858)
Loss before income tax expense (1,138,036) (48,919)
Income tax expense (287)
Net loss (1,138,036) (49,206)
Comprehensive loss    
Net loss (1,138,036) (49,206)
Other comprehensive loss    
Foreign currency translation adjustment (75) (88)
Comprehensive loss $ (1,138,111) $ (49,294)
Weighted average number of common stock outstanding#    
- Basic (in Shares) [1] 62,956,073 31,596,610
– diluted (in Shares) [1] 62,956,073 31,596,610
Net loss per share#    
- Basic (in Dollars per share) [1] $ (18.08) $ (1.56)
– diluted (in Dollars per share) [1] $ (18.08) $ (1.56)
[1] Giving retroactive effect to the forward stock split and reverse stock split (see Note 19)