DISCONTINUED OPERATIONS (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Schedule of group calculated a gain resulting from such disposition |
| | | | | As of January 31, 2024 | | | US$ | Consideration* | | 2,000 | | | | Cash and cash equivalents | | 372 | Accounts receivable, net | | 866 | Prepayments and other current assets | | 104 | Cryptocurrency assets* | | 8,937 | Property and equipment, net | | 4 | Intangible assets, net | | 6 | Accounts payable | | (26,711) | Accrued payroll and welfare payable | | (93) | Accrued expenses and other current liabilities | | (172) | | | | Net liabilities of discontinued operations | | (16,687) | | | | Gain from disposal of discontinued operations | | 18,687 |
| * | For accounting purpose, the 71.37 bitcoins retained were not included in the consideration in the table above as they were not received from the buyer, and accordingly these bitcoins were also excluded from the net assets transferred. The resulting gain from disposal of discontinued operations remained unchanged. |
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| Mining pool operation |
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| Schedule of assets and liabilities disposed |
| | | | | As of | | | December 31, | | | 2023 | | | US$ | ASSETS | | | Cash and cash equivalents | | 33 | Accounts receivable, net | | 1,115 | Prepayments and other current assets | | 101 | Cryptocurrency assets | | 12,553 | Property and equipment, net** | | 4 | Intangible assets, net** | | 7 | Current assets of discontinued operations | | 13,813 | | | | LIABILITIES | | | Accounts payable | | 27,250 | Accrued payroll and welfare payable | | 119 | Accrued expenses and other current liabilities | | 236 | Current liabilities of discontinued operations | | 27,605 |
** | For presentation purpose, property and equipment, net and intangible assets, net as of December 31, 2023 have been classified as current assets of discontinued operations in the consolidated balance sheets as the disposition occurred in January 2024. |
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| Schedule of cash flows disposal |
| | | | | For the year ended December 31, | | | 2024 | | | US$ | Cash and cash equivalent deconsolidated | | 372 | Proceeds from the disposal of subsidiaries | | — | Proceeds from the disposal of subsidiaries, net of cash disposed | | (372) |
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| Schedule of operating results from discontinued operations included in the Group's consolidated statements of comprehensive loss |
| | | | | | | For the years ended December 31, | | | 2023 | | 2024 | Major classes of line items constituting pre-tax profit of discontinued operations | | | | | | | | | | Revenues | | 296,942 | | 30,340 | Cost of revenue | | (295,468) | | (30,083) | Sales and marketing expenses | | (354) | | (30) | General and administrative expenses | | (417) | | (57) | Service development expenses | | (353) | | (72) | Other operating income | | 70 | | 413 | Net loss on disposal of cryptocurrency assets | | (860) | | — | Impairment of cryptocurrency assets | | (2,886) | | — | Changes in fair value of cryptocurrency assets | | — | | (271) | (Loss) income before income tax from discontinued operations | | (3,326) | | 240 | Income tax expense | | — | | — | Net (loss) income from discontinued operations, net of applicable income taxes | | (3,326) | | 240 |
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| Schedule of condensed cash flows of lottery business related VIE & Mining pool Business |
| | | | | | | For the years ended December 31, | | | 2023 | | 2024 | | | US$ | | US$ | Net cash used in operating activities | | (227) | | (414) | Net cash provided by (used in) investing activities | | (413) | | 303 | Net cash provided by financing activities | | 481 | | — | | | | | | Effect of foreign rate exchange on cash | | 115 | | 78 | Net decrease in cash and cash equivalents | | (44) | | (33) |
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| Schedule of reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets |
| | | | | | | As of | | As of | | | December 31, | | December 31, | | | 2023 | | 2024 | | | US$ | | US$ | Cash, cash equivalents – consolidated balance sheets | | 3,244 | | 1,810 | Cash, cash equivalents, discontinued operations | | 33 | | — | Cash, cash equivalents – consolidated statements of cash flows | | 3,277 | | 1,810 |
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