XML 74 R44.htm IDEA: XBRL DOCUMENT
v3.25.1

Taxation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Taxation [Abstract] |
Schedule of Income /(Loss) Before Income Taxes from Continuing Operations | Significant components of the provision for income taxes on earnings for the years ended December 31, 2022, 2023 and 2024 from continuing operations are as follows:
|  | Years ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
Current: |  | $ | — |  |  |  | (14 | ) |  | $ | 839 |
Deferred: |  |  | — |  |  |  | — |  |  |  | — |
Income tax (expense) benefits |  | $ | — |  |  |  | (14 | ) |  | $ | 839 |
Schedule of Deferred Tax Assets and Liabilities | The principal components of the Group’s deferred tax assets and liabilities were as follows:
|  | As of December 31, |
|  | 2023 |  |  | 2024 |
Deferred tax asset: |  |  |  |  |  |
Accrued expense |  | $ | 1 |  |  | $ | 1 |
Allowance for doubtful accounts |  |  | 346 |  |  |  | 152 |
Depreciation |  |  | 84 |  |  |  | — |
Lease Liability |  |  | 2,095 |  |  |  | 77 |
Tax loss carried forward |  |  | 6,661 |  |  |  | 7,401 |
Research and development capitalization |  |  | 91 |  |  |  | 922 |
Tax Credits |  |  | 59 |  |  |  | — |
Total deferred tax assets |  |  | 9,337 |  |  |  | 8,552 |
Valuation allowance |  |  | (7,794 | ) |  |  | (8,371 | )
Deferred tax assets, net of valuation allowance |  | $ | 1,543 |  |  | $ | 181 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
- Unrealized gain on acquisition/disposal |  |  | 173 |  |  |  | 181 |
- Right-of-use assets |  |  | 1,370 |  |  |  | — |
Total deferred tax liabilities |  | $ | 1,543 |  |  | $ | 181 |
Deferred tax assets, net of valuation allowance and deferred tax liabilities |  |  | — |  |  |  | — |
Schedule of Operating Loss Carried Forwards | The following represents the amounts and expiration dates of operating loss carried forwards for tax purpose:
|  | Amount |
2025 |  |  | — |
2026 |  |  | — |
2027 |  |  | — |
2028 |  |  | — |
2029 and thereafter |  | $ | 44,150 |
Total |  | $ | 44,150 |
Schedule of Roll-Forward of Valuation Allowance | The following represents a roll-forward of the valuation allowance for each of the years:
|  | As of December 31, |
|  | 2023 |  |  | 2024 |
Balance at beginning of the year |  | $ | 6,579 |  |  | $ | 7,794 |
Allowance made during the year |  |  | 1,215 |  |  |  | 577 |
Reversals |  |  | — |  |  |  | — |
NOL expire |  |  | — |  |  |  | — |
Balance at end of the year |  | $ | 7,794 |  |  | $ | 8,371 |
Schedule of Reconciliation between Total Income Tax Expense | Reconciliation between total income tax expense and the amount computed by applying the US statutory income tax rate to income before income taxes is as follows:
|  | Years ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | % |  |  | % |  |  | % |
Weighted average statutory income tax rate |  |  | (21 | )% |  |  | (21 | )% |  |  | (21 | )%
States taxes, net of federal benefit |  |  | (5 | )% |  |  | (7 | )% |  |  | (4 | )%
Tax effect of non-deductible expenses |  |  | (4 | )% |  |  | — | % |  |  | — | %
Tax effect of tax-exempt entities |  |  | 4 | % |  |  | 2 | % |  |  | 28.36 | %
Prior year true up |  |  | — | % |  |  | (5 | )% |  |  |  | %
Changes in valuation allowance |  |  | 26 | % |  |  | 31 | % |  |  | (3.36 | )%
Effect of tax amendment |  |  | — |  |  |  | — |  |  |  | (158.11 | )
Effective tax rate |  |  | — | % |  |  | — | % |  |  | (158.11 | )%
Schedule of Income /(Loss) Before Income Taxes from Continuing Operations | Income/(loss) before income taxes from continuing operations is attributable to the following geographic locations for the years ended December 31:
|  | Year ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
United States |  | $ | (7,305 | ) |  | $ | (2,843 | ) |  | $ | 186 |
Foreign |  |  | (1,947 | ) |  |  | (318 | ) |  |  | (716 | )
Total loss before income taxes |  | $ | (9,252 | ) |  | $ | (3,161 | ) |  | $ | (530 | )

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

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-3 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration