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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,123 $ 274
Restricted cash 7,318 9,781
Accounts receivable, net 2,541 2,280
Prepaid and other current assets 659 178
Total current assets 11,641 12,513
Non-current assets:    
Property and equipment, net 1,200 6
Intangible assets, net 512 522
Other non-current assets, net 1,296 2,629
Operating lease right-of-use asset 2,722 4,896
Total non-current assets 5,730 8,053
Total assets 17,371 20,566
Current liabilities:    
Short-term borrowings 2,700 3,939
Accounts payable 749 1,386
Accrued and other liabilities 1,029 1,468
Income taxes payable, current 12 510
Operating lease liability, current 2,357 2,486
Total current liabilities 6,847 9,789
Non-current liabilities:    
Operating lease liability, non-current 3,787 4,349
Total non-current liabilities 3,787 4,349
Total liabilities 10,634 14,138
Commitments and contingencies
EQUITY    
Preferred shares ($0.003 par value; 1,666,667 shares authorized, nil issued and outstanding as of December 31, 2022 and 2023)
Additional paid-in capital 517,031 517,031
Accumulated deficit (510,325) (510,634)
Accumulated other comprehensive income (128) (128)
Total equity 6,737 6,428
Total liabilities and equity 17,371 20,566
Class A Ordinary shares    
EQUITY    
Ordinary shares, value 146 146
Class C Ordinary shares    
EQUITY    
Ordinary shares, value $ 13 $ 13