XML 42 R27.htm IDEA: XBRL DOCUMENT
v3.26.1

Schedule I - Condensed Financial Information of the Parent Company | 12 Months Ended
--- | ---
Dec. 31, 2025
Condensed Financial Information of the Parent Company |
Condensed Financial Information of the Parent Company | LIGHTINTHEBOX HOLDING CO., LTD. ​ Schedule I—Condensed Financial Information of the Parent Company Balance Sheets (All amounts in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
ASSETS |  | ​ | ​ |  | ​ | ​
Current assets |  | ​ | ​ |  | ​ | ​
Cash and cash equivalents | ​ | $ | 73 | ​ | $ | 55
Amounts due from subsidiaries | ​ |  | 147,616 | ​ |  | 145,866
TOTAL ASSETS | ​ | $ | 147,689 | ​ | $ | 145,921
​ | ​ |  | ​ | ​ |  | ​
LIABILITIES AND SHAREHOLDERS’ DEFICIT | ​ |  | ​ | ​ |  | ​
Current Liabilities | ​ |  | ​ | ​ |  | ​
Accrued expenses and other current liabilities | ​ | $ | 158 | ​ | $ | 302
Deficit of investments in subsidiaries | ​ |  | 160,703 | ​ |  | 149,602
TOTAL LIABILITIES | ​ | $ | 160,861 | ​ | $ | 149,904
​ | ​ | ​ | ​ | ​ | ​ | ​
SHAREHOLDERS‘ DEFICIT | ​ |  | ​ | ​ |  | ​
Ordinary shares | ​ | $ | 17 | ​ | $ | 17
Additional paid-in capital | ​ |  | 282,766 | ​ |  | 280,646
Treasury shares, at cost | ​ |  | (30,880) | ​ |  | (29,392)
Accumulated deficit | ​ |  | (261,810) | ​ |  | (253,531)
Accumulated other comprehensive income | ​ |  | (3,265) | ​ |  | (1,723)
TOTAL SHAREHOLDERS‘ DEFICIT | ​ |  | (13,172) | ​ |  | (3,983)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | ​ | $ | 147,689 | ​ | $ | 145,921
​ ​ LIGHTINTHEBOX HOLDING CO., LTD. ​ Schedule I—Condensed Financial Information of the Parent Company Statements of Operations and Comprehensive (Loss) / Income (All amounts in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Years ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
General and administrative |  | $ | 1,222 |  | $ | 984 |  | $ | 1,188
Operating loss |  | ​ | (1,222) |  | ​ | (984) |  | ​ | (1,188)
Share of (loss) / income from subsidiaries |  | ​ | (8,368) |  | ​ | (1,505) |  | ​ | 9,467
Loss before income tax |  | ​ | (9,590) |  | ​ | (2,489) |  | ​ | 8,279
Income tax expense |  | ​ | — |  | ​ | — |  | ​ | —
Net (loss) / income |  | ​ | (9,590) |  | ​ | (2,489) |  | ​ | 8,279
Other comprehensive income loss: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Foreign currency translation adjustment, net of nil income tax |  | ​ | (832) |  | ​ | (1,409) |  | ​ | 1,542
Total comprehensive (loss) / income attributable to Lightinthebox Holding Co., Ltd.’s shareholders | ​ | $ | (10,422) | ​ | $ | (3,898) | ​ | $ | 9,821
​ ​ LIGHTINTHEBOX HOLDING CO., LTD. ​ Schedule I—Condensed Financial Information of the Parent Company Statements of Cash Flows (All amounts in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Years ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Cash flow from operating activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net (loss) / income |  | $ | (9,590) |  | $ | (2,489) |  | $ | 8,279
Adjustments to reconcile net income to net cash by operating activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Share of (loss) / income from subsidiaries |  | ​ | 8,368 |  | ​ | 1,505 |  | ​ | (9,467)
Prepaid expenses and other current assets |  | ​ | 30 |  | ​ | 156 |  | ​ | —
Accrued expenses and other current liabilities |  | ​ | (72) |  | ​ | (509) |  | ​ | 144
Net cash used in operating activities | ​ | ​ | (1,264) | ​ | ​ | (1,337) | ​ | ​ | (1,044)
Cash flows from investing activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Changes in amounts due from subsidiaries | ​ | ​ | 4,205 | ​ | ​ | 1,925 | ​ | ​ | 1,750
Capital injection to a subsidiary | ​ | ​ | — | ​ | ​ | (50) | ​ | ​ | —
Net cash provided by investing activities | ​ | ​ | 4,205 | ​ | ​ | 1,875 | ​ | ​ | 1,750
Cash flows from financing activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Issuance of ordinary shares from treasury shares | ​ | ​ | 45 | ​ | ​ | — | ​ | ​ | —
Repurchase of ordinary shares | ​ | ​ | (2,296) | ​ | ​ | (1,237) | ​ |  | (724)
Net cash used in financing activities | ​ | ​ | (2,251) | ​ | ​ | (1,237) | ​ | ​ | (724)
Net increase /(decrease) in cash and cash equivalents | ​ | ​ | 690 | ​ |  | (699) | ​ | ​ | (18)
Cash and cash equivalents at beginning of the year | ​ |  | 82 | ​ |  | 772 | ​ |  | 73
Cash and cash equivalents at end of the year | ​ | $ | 772 | ​ | $ | 73 | ​ | $ | 55
​ The Company performed a test on the restricted net assets of its consolidated subsidiaries in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), “General Notes to Financial Statements” and concluded that it was applicable for the Company to disclose the financial information for the Company only. ​ As of December 31, 2025, there were no material contingencies, significant provisions of long-term obligations, and mandatory dividend or redemption requirements of redeemable shares or guarantees of the Parent Company. ​ Basis of presentation ​ Condensed financial information is used for the presentation of the Company, or the parent company. The condensed financial information of the parent company has been prepared using the same accounting policies as set out in the Group’s consolidated financial statements except that the parent company used the equity method to account for its investment in its subsidiaries. ​ The parent Company records its investments in subsidiaries under the equity method of accounting. Such investments are presented on the condensed balance sheets as “Deficit of investments in subsidiaries” and their respective loss as “Share of (loss) / income from subsidiaries” on the condensed statements of operations and comprehensive (loss) / income. ​ Ordinarily under the equity method, an investor in an equity method investee would cease to recognize its share of the losses of an investee once the carrying value of the investment is reduced to zero unless the investor has guaranteed obligations of the subsidiaries or is otherwise committed to provide further financial support. For the purpose of this parent only information, the Parent Company has continued to reflect its share, based on its proportionate interest, of the losses of subsidiaries and regardless of the carrying value of the investments even though the Parent Company is not obligated to provide continuing support or fund losses.

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration