v3.21.2

Other payables and accrued liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Other payables and accrued liabilities

Schedule of other payables and accrued liabilities

Other payables and accrued liabilities as of December 31, 2020 and 2019 consisted of the following:

				December 31,
		Note		2020			2019
Accrued professional fees				$	203		$	180
Accrued staff costs and staff benefits					88			—
Rental deposits from tenants					192			215
Rental receipt in advance					3			8
Interest receipt in advance					3			6
Advances from other party		(i)			3			32
Advances from a director		(ii)			—			21
Advances from unrelated parties		(iii)			442			777
Others					7			16
				$	941		$	1,255

(i) In December 2019, the Company received advance of $32 from a company beneficially owned by Luk Lai Ching Kimmy (Luk Lai Ching Kimmy held 5.3% of the Company’s outstanding common stock as of December 31, 2019). The advances was unsecured, interest free and have no fixed terms of repayment.

(ii) The advances from a director was unsecured, interest free and have no fixed terms of repayment.

(iii)  The advances from unrelated parties were unsecured, interest free and have no fixed terms of repayment

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- Definition

Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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