v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 134 $ 2
USDT 1,885
Other current assets 14 4,111
Current assets of discontinued operations 22,100 21,842
Total current assets 24,133 25,955
OTHER ASSETS    
Property and equipment, net 26,882 24,278
Security deposit 5,600
Other assets of discontinued operations 9,726 9,987
Total non-current assets 42,208 34,265
Total assets 66,341 60,220
CURRENT LIABILITIES    
Accounts payable 331
Accrued expenses and other current payables 562 350
Taxes payable 5
Current liabilities of discontinued operations 79,101 78,245
Total current liabilities 80,199 78,595
OTHER LIABILITIES    
Other liabilities of discontinued operations 3,729 3,631
Total non-current liabilities 3,729 3,631
Total liabilities 83,928 82,226
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Ordinary shares ($0.04 par value; 900,000,000 shares authorized; 15,639,877 and 31,195,477 shares issued as of December 31, 2024 and June 30, 2025, respectively; 14,332,648 and 29,888,248 shares outstanding as of December 31, 2024 and June 30, 2025, respectively) 1,197 575
Additional paid-in capital 318,118 311,740
Treasury shares (1,307,229 and 1,307,229 shares as of December 31, 2024 and June 30, 2025) (1,517) (1,517)
Deferred share compensation (481) (814)
Accumulated deficits (334,462) (332,464)
Accumulated other comprehensive income 32,488 33,407
Total AirNet Technology Inc. shareholders’ equity 15,343 10,927
NON-CONTROLLING INTERESTS (32,930) (32,933)
Total deficit (17,587) (22,006)
Total liabilities and shareholders’ equity 66,341 60,220
Related Party    
CURRENT LIABILITIES    
Amounts due to related parties $ 200