XML 24 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
NET REVENUES      
NET REVENUES - Educational programs and services $ 9,163 $ 14,840 $ 17,816
COST OF REVENUES      
COST OF REVENUES - Educational programs and services (6,669) (14,556) (15,393)
GROSS PROFIT 2,494 284 2,423
OPERATING EXPENSES      
Selling and marketing (1,051) (1,487) (3,133)
General and administrative (5,264) (7,628) (7,922)
Research and development (484)    
Impairment loss   (657)  
Total operating expenses (6,799) (9,772) (11,055)
OPERATING LOSS (4,305) (9,488) (8,632)
OTHER INCOME (EXPENSE)      
Interest income (expenses), net (57) (101) 238
Other (expenses) income, net (199) 500 (260)
Gain on forgiven PPP loan     1,460
Loss on disposal of subsidiaries   (163)  
Gain on disposal of assets 1,400    
Total other income, net 1,144 236 1,438
LOSS BEFORE INCOME TAX AND NON-CONTROLLING INTERESTS (3,161) (9,252) (7,194)
Income tax benefit (expenses) (14)   505
LOSS FROM CONTINUING OPERATIONS (3,175) (9,252) (6,689)
Income (Loss) from and on sale of discontinued operations, net of income tax   (5,056) 7,002
NET INCOME (LOSS) (3,175) (14,308) 313
Less: Net loss attributable to noncontrolling interests from discontinued operations   (235) (157)
NET LOSS ATTRIBUTABLE TO ORDINARY SHAREHOLDERS FROM CONTINUING OPERATIONS (3,175) (9,252) (6,689)
NET INCOME (LOSS) ATTRIBUTABLE TO ORDINARY SHAREHOLDERS FROM DISCONTINUED OPERATIONS   (4,821) 7,159
NET INCOME (LOSS) ATTRIBUTABLE TO ORDINARY SHAREHOLDERS (3,175) (14,073) 470
OTHER COMPREHENSIVE LOSS, NET OF TAX      
Foreign translation adjustments   (339) (112)
Unrealized loss on short term investments     (16)
Other comprehensive loss   (339) (128)
TOTAL COMPREHENSIVE INCOME (LOSS) $ (3,175) $ (14,647) $ 185
Net loss from continuing operations per share - basic $ (0.06) $ (0.19) $ (0.14)
Net loss from continuing operations per share - diluted $ (0.06) (0.19) (0.14)
Net loss from discontinued operations per share-basic   (0.10) 0.15
Net loss from discontinued operations per share-diluted   $ (0.10) $ 0.15
Weighted average shares used in calculating basic net income (loss) per share 56,333,003 49,458,266 46,654,853
Weighted average shares used in calculating diluted net income (loss) per share 56,333,003 49,458,266 46,654,853
General and administrative      
Share-based compensation expense from continuing operations included in:      
Share-based compensation expenses   $ 1,083 $ 139
American Depositary Shares      
OTHER COMPREHENSIVE LOSS, NET OF TAX      
Net loss from continuing operations per share - basic $ (1.20) $ (3.80) $ (2.80)
Net loss from continuing operations per share - diluted $ (1.20) (3.80) (2.80)
Net loss from discontinued operations per share-basic   (2.00) 3.00
Net loss from discontinued operations per share-diluted   $ (2.00) $ 3.00