v3.26.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2025
INCOME TAXES  
Schedule of loss before income taxes from continuing operations

​

​

​

​

​

​

​

​

​

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

​

 

US$

 

US$

 

US$

​

​

​

​

​

​

​

Cayman Islands

 

(14,253)

 

(3,263)

 

(1,902)

USA

 

(3,935)

 

(1,729)

 

(7,335)

Hong Kong

 

(5,294)

 

(3,772)

 

(5,973)

Malta

 

(1,092)

 

(14)

 

(16)

Curacao

 

(27)

 

(5)

 

(3)

Mainland China

 

(4,755)

 

(2,100)

 

(4,165)

British Virgin Islands

​

3,972

​

4,192

​

(6,503)

Ethiopia

​

—

​

(317)

​

(8,583)

​

 

​

​

​

​

​

​

 

(25,384)

 

(7,008)

 

(34,480)

Schedule of current and deferred components

​

​

​

​

​

​

​

​

​

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

​

​

US$

​

US$

​

US$

​

​

​

​

​

​

​

Current tax benefit

 

—

 

—

 

—

Deferred tax benefit

 

—

 

—

 

—

​

​

​

​

​

​

​

Income tax benefit

 

—

 

—

 

—

​

Schedule of reconciliation of tax computed by applying the statutory income tax rate

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

​

​

​

US$

  ​ ​ ​

Percentage

​

US$

  ​ ​ ​

Percentage

​

US$

  ​ ​ ​ ​

Percentage

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loss before income taxes

 

(25,384)

​

​

 

(7,008)

​

​

 

(34,480)

​

​

​

Income tax computed at applicable tax rates

 

(5,331)

​

21.0

%

(1,472)

​

21.0

%

(7,241)

​

21.0

%

Effect of different tax rates in different jurisdictions

 

2,790

​

(11.0)

%

813

​

(11.6)

%

4,649

​

(13.5)

%

Non-deductible expenses

 

2,099

​

(8.3)

%

322

​

(4.6)

%

4,271

​

(12.4)

%

Change in valuation allowance

 

671

​

(2.6)

%

337

​

(4.8)

%

(1,679)

​

4.9

%

Research and development super-deduction

 

(229)

​

0.9

%

—

​

—

%

—

​

—

%

Total

 

—

​

—

%

—

​

—

%

—

​

—

%

Schedule components of deferred taxes

​

​

​

​

​

​

​

  ​ ​ ​

2024

  ​ ​ ​

2025

​

​

US$

​

US$

​

​

​

​

​

Deferred tax assets

 

  ​

 

  ​

Bad debt provision

 

891

 

1,349

Impairment loss

 

10,266

 

9,808

Net operating losses (“NOLs”)

 

28,338

 

30,017

Less: valuation allowance

 

(39,495)

 

(41,174)

Total deferred tax assets, net

 

—

 

—