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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2025
INCOME TAXES |
Schedule of components of (loss) / income before income tax | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
PRC | ​ | $ | 1,795 | ​ | $ | 325 | ​ | $ | (147)
Hong Kong | ​ |  | (9,307) | ​ |  | (3,887) | ​ |  | 10,150
Singapore and other regions | ​ |  | (2,038) | ​ |  | 1,034 | ​ |  | (1,785)
Total | ​ | $ | (9,550) | ​ | $ | (2,528) | ​ | $ | 8,218
Schedule of income tax expense / (benefit) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Current tax | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
PRC | ​ | $ | — | ​ | $ | — | ​ | $ | 32
Hong Kong | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 14
Singapore and other regions | ​ | ​ | — | ​ | ​ | 9 | ​ | ​ | —
​ | ​ | ​ | — | ​ | ​ | 9 | ​ | ​ | 46
Deferred tax | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
PRC | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Hong Kong | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (107)
Singapore and other regions | ​ | ​ | 40 | ​ | ​ | (48) | ​ | ​ | —
​ | ​ | ​ | 40 | ​ | ​ | (48) | ​ | ​ | (107)
Income tax expense / (benefit) | ​ | $ | 40 | ​ | $ | (39) | ​ | $ | (61)
Schedule of reconciliation of income tax expenses/(benefit) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Year December 31, 2025 |
Income tax calculated at the statutory tax rate of the PRC | ​ | $ | 2,055 | ​ ​ ​ | 25.0 | %
Domestic tax effects | ​ | ​ | ​ |  | ​ | ​
R&D super deduction | ​ |  | (724) |  | (8.8) | %
Changes in valuation allowance | ​ |  | 761 |  | 9.3 | %
Other adjustments | ​ |  | 30 |  | 0.4 | %
Foreign tax effects | ​ | ​ | ​ | ​ | ​ | ​
Hong Kong | ​ |  | ​ |  | ​ | ​
Statutory tax rate diﬀerence between Hong Kong and PRC | ​ |  | (563) |  | (6.9) | %
Changes in valuation allowances | ​ |  | (1,647) |  | (20.0) | %
Changes in unrecognized tax benefits | ​ |  | (107) |  | (1.3) | %
Non-taxable income | ​ |  | (348) |  | (4.2) | %
Other adjustments | ​ |  | 35 |  | 0.4 | %
Singapore and other regions | ​ |  | ​ |  | ​ | ​
Statutory tax rate diﬀerence between Singapore and other regions and PRC | ​ |  | 359 |  | 4.3 | %
Changes in valuation allowances | ​ |  | 88 |  | 1.1 | %
Income tax benefit | ​ | $ | (61) |  | (0.7) | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Years ended December 31, |
​ | ​ | 2023 | ​ ​ ​ | 2024 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss before income tax | ​ | $ | (9,550) | ​ | $ | (2,528) | ​
Statutory income tax rate in the PRC | ​ |  | 25 | % | ​ | 25 | %
Income tax benefit at statutory tax rate | ​ |  | (2,387) | ​ | ​ | (632) | ​
Non-deductible expenses | ​ |  | 129 | ​ | ​ | 77 | ​
Statutory expense | ​ |  | (293) | ​ | ​ | (101) | ​
R&D super deduction | ​ |  | (2,904) | ​ | ​ | (1,700) | ​
Effect of preferential tax rates | ​ |  | (86) | ​ | ​ | 50 | ​
Effect of income tax rate differences in jurisdictions other than the PRC | ​ |  | 1,151 | ​ | ​ | 468 | ​
Prior year true up | ​ |  | (71) | ​ | ​ | 88 | ​
Changes in valuation allowances | ​ |  | 4,501 | ​ | ​ | 1,711 | ​
Income tax expense / (benefit) | ​ | $ | 40 | ​ | $ | (39) | ​
Schedule of principal components of the deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​
Allowance for credit losses | ​ | $ | 158 | ​ | $ | 161
Write-down for inventory | ​ | ​ | 18 | ​ | ​ | 56
Lease liabilities | ​ | ​ | 1,538 | ​ | ​ | 834
Net operating loss carry forwards | ​ |  | 36,108 | ​ |  | 33,315
Gross deferred tax assets | ​ | ​ | 37,822 | ​ | ​ | 34,366
Less: Valuation allowance | ​ |  | (36,017) | ​ |  | (33,318)
Total deferred tax assets, net | ​ | $ | 1,805 | ​ | $ | 1,048
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Property and equipment, net | ​ | $ | (100) | ​ | $ | (77)
Acquired intangible assets | ​ | ​ | (268) | ​ | ​ | (244)
Operating lease ROU assets | ​ | ​ | (1,538) | ​ | ​ | (834)
Total deferred tax liabilities | ​ | $ | (1,906) | ​ | $ | (1,155)
Net deferred tax assets | ​ | ​ | — | ​ | ​ | —
Net deferred tax liabilities | ​ | $ | (101) | ​ | $ | (107)
Schedule of movement of valuation allowance | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at beginning of the period | ​ | $ | 34,500 | ​ | $ | 36,017
Additions / (deductions) | ​ |  | 1,517 | ​ | ​ | (547)
Decrease related to subsidiaries’ cancellation | ​ | ​ | — | ​ | ​ | (2,152)
Balance at end of the period | ​ | $ | 36,017 | ​ | $ | 33,318

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