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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract] |
Schedule of Assets, Liabilities, Results of Operations and Changes in Cash and Cash Equivalents of the Former VIEs | The following table sets forth the assets, liabilities, results of operations and changes in cash and cash equivalents of the former VIEs taken as a whole, which were included in the Company’s consolidated financial statements with intercompany balances and transactions eliminated between the former VIEs:
|  | As of December 31, 2022 |
|  | (in thousands of US$) |
Cash and cash equivalents |  |  | 1,951 |
Accounts receivable, net |  |  | 474 |
Amounts due from subsidiaries |  |  | 12,766 |
Property and equipment and intangible assets |  |  | 775 |
Others |  |  | 5,536 |
Total assets |  |  | 21,502 |
Short term borrowings |  |  | 574 |
Amounts due to parent and subsidiaries |  |  | 60,029 |
Accounts payable, accrued expenses and other liabilities |  |  | 12,690 |
Contract liabilities |  |  | 62 |
Others |  |  | 80 |
Total liabilities |  |  | 73,435 |
Total shareholders’ deficit |  |  | (51,933 | )
|  | Years ended December 31, |
|  | 2021 |  |  | 2022 |
|  | (in thousands of US$) |
Revenue (note a) |  |  | 30,979 |  |  |  | 30,371 |
Net loss (note a) |  |  | (16,244 | ) |  |  | (4,349 | )
Net cash (used in)/generated from operating activities |  |  | (6,553 | ) |  |  | 858 |
Net cash used in investing activities |  |  | (178 | ) |  |  | (430 | )
Net cash generated from financing activities |  |  | 5,290 |  |  |  | 1,230 |
Schedule of Cash and Cash Equivalents |
|  | December 31, |  |  | December 31, |
(In thousands) |  | 2022 |  |  | 2023 |
Cash and cash equivalents |  |  | 14,921 |  |  |  | 23,371 |
Schedule of Estimated Useful Lives | Depreciation is calculated using the straight-line method to allocate their cost to their residual values over their estimated useful lives, as follows:
Computers, server & switch and office equipment |  | 5 years
Wi-Fi terminals for data connectivity services |  | 2 years
Leasehold improvement |  | Over the shorter of lease term or 3 years
Schedule of Amortization of Finite-Lived Intangible Assets | Amortization of finite-lived intangible assets is computed using the straight-line method over their estimated useful lives, which are as follows:
Trademarks |  | 10 years
Software |  | 10 years
Licensed copyrights |  | 10 years

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