v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (53,908) $ (40,980) $ (53,554)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 3,891 3,942 2,482
Fair value change of warrants (22) (210) 208
Share-based compensation 25,405 10,856 11,968
Foreign currency exchange gain (5)   (10)
Impairment of other receivables     8,848
Impairment of prepaid expenses and other current assets 392   23,262
Impairment of intangible assets 16,946 0 0
Share of equity loss 41    
Amortization of right-of-use assets 147    
Provision for dealership settlement   571  
Provision for sales incentive     2,701
Loss (gain) on disposal of subsidiaries 7,800 23,037 (64)
Financial expenses     32
Interest expenses of convertible note in interest method 3 331 493
Deferred tax liabilities (2,733) (931) (229)
Changes in operating assets and liabilities:      
Inventories (35) 35 (35)
Prepayment for vehicle purchase and other current assets 8 25 1,653
Amount due from related parties     (1,458)
Other non-current assets     (6)
Accounts payable   (93) 106
Advances from customers (2) 78  
Accrued expenses and other current liabilities (250) 865 2,790
Short-term lease liabilities (137) (132) (28)
Amount due to related parties (56) (13) (1,237)
Income tax payable (68) (401) (30)
Net cash used in operating activities (2,583) (3,020) (2,108)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment, net   (18) (396)
Cash disposed on disposal of subsidiaries   (24) (2,740)
Cash acquired on acquisition of a subsidiary     2
Proceeds from sales of a subsidiary   16  
Net cash used in investing activities   (26) (3,134)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of ordinary shares and warrant   3,725 1,065
Repayment of convertible note     (50)
Borrowings from related parties   286  
Repayment of borrowings to related parties (60)    
Borrowings from third parties 1,104    
Capital contribution   499  
Net cash provided by financing activities 1,044 4,510 1,015
Effect of exchange rate changes on cash and cash equivalents 10 (1,161) (790)
Net changes in cash and cash equivalents (1,529) 303 (5,017)
Cash and cash equivalents at beginning of year 2,388 2,085 7,102
Cash and cash equivalents at end of year 859 2,388 2,085
NON-CASH ACTIVITIES:      
Issuance of Class A Ordinary Shares to settle Series F preferred shares   246 3,443
Issuance of Series G preferred shares to settle liabilities due to the purchaser of KAG (Note 3)   1,996  
Obtaining right-of-use assets in exchange for operating lease liabilities     328
Issuance of Class A Ordinary Shares for conversion of convertible notes 638 2,088 2,050
Issuance of Class A Ordinary Shares for acquisition of a subsidiary 28,812   49,100
Recognition of intangible assets from acquisition of a subsidiary     13,972
Receivable due from issuance of ordinary shares and warrants in private placements     17,900
Series H convertible preferred shares      
NON-CASH ACTIVITIES:      
Issuance of shares to settle payables for sales incentive   571  
Class A Ordinary Shares      
NON-CASH ACTIVITIES:      
Issuance of shares to settle payables for sales incentive   417 3,914
Issuance of Class A Ordinary Shares for conversion of convertible notes $ 638 $ 2,088 $ 2,050