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Property and Equipment, Net | 9 Months Ended
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Sep. 30, 2025
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | 9. Property and Equipment, Net As of September 30, 2025 and December 31, 2024, Property and equipment consist of the following:
| As of
| September 30, 2025 |  | December 31, 2024
| $’000 |  | $’000
Furniture and equipment | 231 |  |  | 232 |
Vehicles | 215 |  |  | 215 |
Leasehold improvements | 11 |  |  | 11 |
Land and land improvements | 11,766 |  |  | 11,766 |
Construction in process | 6 |  |  | 6 |
Property and equipment, gross | 12,229 |  |  | 12,230 |
Less: accumulated depreciation | (486) |  |  | (410) |
Property and equipment, net | 11,743 |  |  | 11,820 |
Depreciation expense amounted to $27.0 thousand and $0.1 million for the three months ended September 30, 2025 and 2024, respectively. Depreciation expense amounted to $0.1 million and $0.3 million for the nine months ended September 30, 2025 and 2024, respectively. The Company wrote off Property and equipment related to closed locations and future locations that were terminated due to a change of business focus and recorded a loss on disposal of nil and $0.1 million during the three months ended September 30, 2025 and 2024, respectively, and nil and $0.2 million for or the nine months ended September 30, 2025 and 2024, respectively, in the Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income / (Loss).

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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