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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 202 $ 1,038
Restricted cash 41
Accounts receivable 293 237
Inventories 63 772
Restricted crypto assets 5,516 3,080
Crypto assets 3,959 6,905
Stablecoin assets 45 20
Deposits, prepayments and other current assets, net 1,165 1,882
Total current assets 11,243 13,975
Non-current assets:    
Property and equipment, net 958 3,974
Operating lease right-of-use assets, net 513 585
Total non-current assets: 1,471 4,559
Total assets 12,714 18,534
Current liabilities:    
Accounts payable 715 438
Operating lease liabilities-current 83 82
Advance from customers 10 870
Short-term borrowings 3,680 2,115
Other payables and accrued liabilities 395 177
Total current liabilities 4,883 3,682
Operating lease liabilities-non-current 432 486
Total non-current liabilities 432 486
Total Liabilities 5,315 4,168
Commitments and contingencies - Note 13
Shareholders’ equity:    
Additional paid-in capital 52,192 52,137
Accumulated deficit (44,283) (37,231)
Accumulated other comprehensive loss (513) (542)
Total shareholders’ equity 7,399 14,366
Total Liabilities and shareholders’ equity 12,714 18,534
Class A Ordinary Shares    
Shareholders’ equity:    
Ordinary shares value [1] 2 1
Class B Ordinary Shares    
Shareholders’ equity:    
Ordinary shares value [1] $ 1 $ 1
[1] The shares and per share data are presented on a retroactive basis to reflect the reverse stock split.