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Additional Information: Condensed Financial Statements of the Company | 12 Months Ended
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Dec. 31, 2025
Additional Information: Condensed Financial Statements of the Company [Abstract] |
Additional information: condensed financial statements of the Company |
| 26. | Additional information: condensed financial statements of the Company
Regulation S-X require condensed financial information as to financial position, statement of cash flows and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of consolidated and unconsolidated subsidiaries together exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. The Company records its investment in its subsidiaries under the equity method of accounting. Such investments are presented on the separate condensed balance sheets of the Company as “Long-term investments”. The subsidiaries did not pay any dividends to the Company for the periods presented. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. The footnote disclosures represent supplemental information relating to the operations of the Company, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Company. The Company did not have significant other commitments, long-term obligations, or guarantees as of December 31, 2025. Condensed statements of comprehensive income/(loss) of the parent company
|  | Years ended December 31, |
(Amounts expressed in thousands of US$ except for number of shares and per share data) |  | 2023 |  |  | 2024 |  |  | 2025 |
Operating expenses |  |  | (3,919 | ) |  |  | (1,910 | ) |  |  | (1,754 | )
Loss before income tax |  |  | (3,284 | ) |  |  | (2,002 | ) |  |  | (1,422 | )
Income from subsidiaries |  |  | 6,095 |  |  |  | 6,560 |  |  |  | 7,723 |
Net income |  |  | 2,811 |  |  |  | 4,558 |  |  |  | 6,301 |
Condensed balance sheets of the parent company
|  | Years ended December 31, |
(Amounts expressed in thousands of US$ except for number of shares and per share data) |  | 2024 |  |  | 2025 |
Cash and cash equivalents |  |  | 1,072 |  |  |  | 942 |
Amounts due from subsidiaries |  |  | 126,329 |  |  |  | 125,556 |
Others |  |  | 19 |  |  |  | 22 |
Total assets |  |  | 127,420 |  |  |  | 126,520 |
Accounts payable, accrued expenses and other liabilities |  |  | 295 |  |  |  | 374 |
Deficit in subsidiaries |  |  | 101,966 |  |  |  | 101,125 |
Others |  |  | 87 |  |  |  | 29 |
Amounts due to subsidiaries |  |  | 4,232 |  |  |  | 3,690 |
Total liabilities |  |  | 106,580 |  |  |  | 105,218 |
Total shareholders’ equity |  |  | 20,840 |  |  |  | 21,302 |
Condensed statement of cash flows of the parent company
|  | Years ended December 31, |
(Amounts expressed in thousands of US$ except for number of shares and per share data) |  | 2023 |  |  | 2024 |  |  | 2025 |
Cash flows from operating activities |  |  |  |  |  |  |  |  |
Net cash used in operating activities |  |  | (605 | ) |  |  | (435 | ) |  |  | (530 | )
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Intercompany fund transfers |  |  | 200 |  |  |  | 1,400 |  |  |  | 400 |
Net cash generated from investing activities |  |  | 200 |  |  |  | 1,400 |  |  |  | 400 |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from exercise of share options |  |  | 49 |  |  |  | — |  |  |  | — |
Net cash generated from financing activities |  |  | 49 |  |  |  | — |  |  |  | — |
(Decrease)/increase in cash and cash equivalents |  |  | (356 | ) |  |  | 965 |  |  |  | (130 | )
Cash and cash equivalents at beginning of year |  |  | 463 |  |  |  | 107 |  |  |  | 1,072 |
Cash and cash equivalents at end of year |  |  | 107 |  |  |  | 1,072 |  |  |  | 942 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 4: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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