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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net profit $ 2,088 $ 11,501 $ 11,853
Adjustments for:      
Income tax expense (benefit) (85) (118) 88
Depreciation 1,108 1,111 939
Finance costs 150 149 72
Interest income (78) (80) (65)
Operating profit before working capital changes 3,183 12,563 12,887
Changes in assets and liabilities, net of effects of acquisitions:      
Inventories 91 (106) (37)
Trade receivables 233 (95) 913
Prepayments and other current assets 8 (5)
Trade payables 28
Accruals and other payables (159) 425 (27)
Income tax payable (148) (146) (158)
Cash generated from operating activities 3,236 12,636 13,578
Investing activities      
Interest received 78 80 65
Payments for and deposits paid for acquisition of property, plant and equipment (258) (1,763) (2)
Cash used in investing activities (180) (1,683) 63
Financing activities      
Proceeds from bank borrowings 141
Repayments of bank borrowings (139)
Issue of shares upon listing 8,050
Share issuance expenses (1,166)
Interest paid (137) (136) (61)
Amounts due to related parties 334 609 474
Lease payments (27) (29) (29)
Cash generated from financing activities 6,915 585 384
Increase in cash and cash equivalents 9,971 11,538 14,025
Cash and cash equivalents at the beginning of the year 34,166 23,174 10,793
Effect of exchange rate changes (1,122) (546) (1,644)
Cash and cash equivalents at the end of the year 43,015 34,166 23,174
Supplemental disclosure of cash flows information      
Cash paid during the year for income tax 148 146 158
Cash paid during the year for interest $ 137 $ 136 $ 61