XML 45 R29.htm IDEA: XBRL DOCUMENT
v3.25.1

Summary of Significant Accounting Policies and Practices (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Summary of Significant Accounting Policies and Practices [Abstract] |
Schedule of Fair Value Assets and Liabilities Gain Loss | On May 18, 2020, the fair value of the following assets and liabilities were acquired resulting in the total loss of approximately $5.7 million:
Dollars in thousands |  |  |
Total Purchase Price |  | $ | 9,660 |
Net Assets Acquired: |  |  |  |
Assets |  |  |  |
Cash and cash equivalents |  |  | 13,664 |
Restricted cash |  |  | 26,524 |
Accounts receivable |  |  | 7,462 |
Inventories |  |  | 8 |
Prepaid expenses and other current assets |  |  | 110 |
Intangible assets |  |  | 2,969 |
Other assets |  |  | 2,682 |
Total Assets |  |  | 53,419 |
Liabilities |  |  |  |
Accounts payable and accrued liabilities |  |  | (49,438 | )
Total Liabilities |  |  | (49,438 | )
Net Assets Acquired |  |  | 3,981 |
Loss on Acquisition |  | $ | 5,679 |
On August 3, 2020, the fair value of the following assets and liabilities were disposed of resulting in the total gain of approximately $0.063 million:
Dollars in thousands |  |  |
Total Selling Price |  | $ | 3,500 |
Net Assets Disposed: |  |  |  |
Total Assets |  |  | 53,654 |
Total Liabilities |  |  | (50,217 | )
Net Assets Disposed |  |  | 3,437 |
Income from disposal of discontinued operations |  | $ | 63 |
On November 2, 2022, the fair value of the following assets and liabilities were disposed of resulting in the total loss of approximately $0.8 million:
Dollars in thousands |  |  |
Total Selling Price |  | $ | 17,000 |
Net Assets Disposed: |  |  |  |
Total Assets |  |  | 110,201 |
Total Liabilities |  |  | (94,012 | )
Net Assets Disposed |  |  | 16,189 |
Income from disposal of discontinued operations |  | $ | 811 |
The Seller desires to sell to the Purchaser, and the Purchaser desire to purchase from the Seller, all of the Purchased Shares (as hereinafter defined) in exchange for US$ 17.0 million (the “Purchase Price”), subject to the terms and conditions set forth herein (the “Transaction”).
Dollars in thousands |  |  |
Total Purchase Price |  |  | 17,000 |
Net Assets Acquired: |  |  |  |
Assets |  |  |  |
Cash and cash equivalents |  |  | 4,942 |
Accounts receivable |  |  | 2,509 |
Inventories |  |  | 16,424 |
Prepaid expenses and other current assets |  |  | 82,660 |
Fixed assets |  |  | 3,059 |
Long term investment |  |  | 607 |
Total assets |  |  | 110,201 |
Liabilities |  |  |  |
Accounts payable and accrued liabilities |  |  | (94,644 | )
Tax recovery |  |  | 972 |
Leasing liabilities |  |  | (1,774 | )
Total Liabilities |  |  | (95,446 | )
Accumulated Other Comprehensive Income |  |  | 1,434 |
Net Assets Sold: |  |  | 16,189 |
Gain on disposal |  |  | 811 |
Schedule of Loss on Discontinued Operations | Loss on discontinued operations for the year ended December 31, 2020 was as follows:
Dollars in thousands |  |  |
Revenue |  | $ | 453 |
Expenses |  |  | (998 | )
Loss on discontinued operations |  | $ | (545 | )
Loss on discontinued operations for the year ended December 31, 2022 was as follows:
Dollars in thousands |  |  |
Revenue |  | $ | 81,977 |
Expenses |  |  | (83,049 | )
Loss on discontinued operations |  | $ | (1,072 | )
Schedule of Estimated Useful Lives | The estimated useful lives are as follows:
Category |  | Depreciation method |  | Estimated useful lives
Office equipment, fixtures and furniture |  | Straight-line |  | 5 years
Computer |  | Straight-line |  | 3 years
Motor vehicles |  | Straight-line |  | 5 years

X
- Definition Tabular disclosure of property plant and equipment useful lives. + References No definition available. + Details
Name: | sos_ScheduleOfPropertyPlantAndEquipmentEstimateUsefulLivesTableTextBlock
Namespace Prefix: | sos_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, classified as other. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsAndOtherLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration