0001171843-26-002058 | 10-K | XBRL Viewer | ZW Data Action Technologies INC

As of December 31,

Balance sheet items, except for equity accounts

Print Document

Note 10 - Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Amortization of Intangible Assets	$ 190	$ 840
Finite-Lived Intangible Asset, Useful Life (Year)	2 years 2 months 8 days
Finite-Lived Intangible Asset, Expected Amortization, Year One	$ 240
Finite-Lived Intangible Asset, Expected Amortization, Year Two	240
Finite-Lived Intangible Asset, Expected Amortization, Year Three	$ 40

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-18

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-11

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-24

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-12

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482686/350-30-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

+ Details

Note 12 - Taxation (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule Of Taxes Payable [Table Text Block]

	As of December 31,
	2025		2024
	US$(’000)		US$(’000)

Turnover tax and surcharge payable		1,276		1,247
Enterprise income tax payable		1,973		1,905
Taxes payable		3,249		3,152

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year Ended December 31,
	2025					2024
	US$(’000)					US$(’000)

Pre-tax loss		(1,770	)				(3,370	)
Income tax benefit computed at U.S. federal rate		372		21.0	%		708		21.0	%
Reconciling items:
Rate differential for foreign earnings		(9	)	-0.5	%		110		3.3	%
(Provision for) / reversal of valuation allowance on deferred tax assets		117		6.6	%		(888	)	-26.4	%
Expired tax attribute carryforwards		(513	)	-29.0	%		(323	)	-9.6	%
Tax effect on other (non-deductible expenses)/non-taxable income		32		1.80	%		(6	)	-0.2	%
Effective income tax benefit/(expense)		(1	)	-0.1	%		(399	)	-11.9	%

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year Ended December 31,
	2025			2024
	US$(’000)			US$(’000)

Current		-			-
Deferred		(1	)		(399	)
Income tax benefit/(expense)		(1	)		(399	)

Schedule Of Deferred Tax Assets [Table Text Block]

	As of December 31,
	2025			2024
	US$(’000)			US$(’000)

Tax effect of net operating losses carried forward		10,853			11,035
Operating lease cost		-			-
Impairment on long-term investments		105			104
Impairment on intangible assets		571			570
Bad debts provision		1,569			1,427
Valuation allowance		(13,098	)		(13,136	)
Deferred tax assets, net		-			-

Award Timing Disclosure

12 Months Ended

Dec. 31, 2025

Statement [Table]

Award Timing, How MNPI Considered [Text Block]

ITEM 11

EXECUTIVE COMPENSATION

Compensation of Executive Officers

Our Board of Directors has not adopted or established a formal policy or procedure for determining the amount of compensation paid to our executive officers. No pre-established, objective performance goals or metrics have been used by the Board of Directors in determining the compensation of our executive officers.

Elements of Compensation

Our executive officers receive a base salary to compensate them for services rendered during the year. In additional to their base salary, we also provide equity incentives to attract and retain executive talent for the Company’s continued success.

Base Salary and Bonus. The value of base salary and bonus for each our executive reflects his skill set and the market value of that skill set in the sole discretion of the Board of Director.

Equity Incentives. The ZW Data Action Technologies Inc. (f/k/a) ChinaNet Online Holdings, Inc. 2025 Equity Incentive Plan (the “2025 Plan”) provides for the granting of distribution equivalent rights, incentive stock options, non-qualified stock options, performance share awards, performance unit awards, restricted stock awards, restricted stock unit awards, stock appreciation rights, tandem stock appreciation rights, unrestricted stock awards or any combination of the foregoing, as may be best suited to the circumstances of the particular employee, director or consultant as provided therein (the “Awards”). Certain Awards are intended to qualify as “incentive stock options” within the meaning of the Internal Revenue Code (the “Code”). The 2025 Plan was approved by our stockholders on December 1, 2025.

Retirement Benefits. Our executive officers are not presently entitled to company-sponsored retirement benefits.

Perquisites. We have not provided our executive officers with any material perquisites and other personal benefits and, therefore, we do not view perquisites as a significant or necessary element of our executive’s compensation.

Deferred Compensation. We do not provide our executives the opportunity to defer receipt of annual compensation.

Summary Compensation Table

The following table sets forth information regarding compensation of the named executive officers for each of the two fiscal years in the period ended December 31, 2025.

SUMMARY COMPENSATION OF NAMED EXECUTIVE OFFICERS
Name and Principal Position	Year	Salary ($)		Stock Awards ($) ⁽¹⁾		Option Awards ($)		Total
Handong Cheng (Chief Executive Officer and Acting Chief Financial Officer)	2025		24,504		-		-		24,504
	2024		21,062		-		-		21,062

(1)	The aggregate grant date fair value of the restricted stock awarded to each named executive officer is computed in accordance with FASB ASC Topic 718.

Our executive officers are reimbursed by us for any out-of-pocket expenses incurred in connection with activities conducted on our behalf. There is no limit on the amount of these out-of-pocket expenses and there will be no review of the reasonableness of such expenses by anyone other than our Board, which includes persons who may seek reimbursement, or a court of competent jurisdiction if such reimbursement is challenged.

Employment Agreements

We enter into a standard employment contract with our executive officers for a set period of years. According to the contracts, these executive officers will devote substantially all of his/her time to the service of our company and may not compete directly or indirectly with us. These executive officers also agreed that in the event that his/her employment with us is terminated, for a period of two year following the date of his/her termination of employment, he/she will not contact, for any commercial purpose, or provide to a third party, information about clients or entities with which we were acquainted during the term of his employment with us. Subject to certain exceptions, either party may terminate the employment agreement upon 30 days prior written notice.

We do not have change-in-control agreements with any of our directors or executive officers, and we are not obligated to pay severance or other enhanced benefits to executive officers upon termination of their employment.

Outstanding Equity Awards

There were none outstanding equity incentive awards held by the named executive officers as of the fiscal year ended December 31, 2025.

Potential payments upon termination or change-in-control

As discussed above, we do not have change-in-control agreements with any of our directors or executive officers, and we are not obligated to pay severance or other enhanced benefits to executive officers upon termination of their employment.

Recovery of Erroneously Awarded Compensation

None.

Policies and Practices for Granting Certain Equity Awards

Our policies and practices regarding the granting of equity awards are carefully designed to ensure compliance with applicable securities laws and to maintain the integrity of our executive compensation program. The Compensation Committee is responsible for the timing and terms of equity awards to executives and other eligible employees.

The timing of equity award grants is determined with consideration to a variety of factors, including but not limited to, the achievement of pre-established performance targets, market conditions and internal milestones. The Company does not follow a predetermined schedule for the granting of equity awards; instead, each grant is considered on a case-by-case basis to align with the Company’s strategic objectives and to ensure the competitiveness of our compensation packages.

In determining the timing and terms of an equity award, the Board or the Compensation Committee may consider material nonpublic information to ensure that such grants are made in compliance with applicable laws and regulations. The Board’s or the Compensation Committee’s procedures to prevent the improper use of material nonpublic information in connection with the granting of equity awards include oversight by legal counsel and, where appropriate, delaying the grant of equity awards until the public disclosure of such material nonpublic information.

The Company is committed to maintaining transparency in its executive compensation practices and to making equity awards in a manner that is not influenced by the timing of the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. The Company regularly reviews its policies and practices related to equity awards to ensure they meet the evolving standards of corporate governance and continue to serve the best interests of the Company and its shareholders.

Compensation of Directors

The following table sets forth information regarding compensation of each director, other than named executive officers, for fiscal 2025.

FISCAL 2025 DIRECTOR COMPENSATION
Name	Fees Earned or Paid in Cash ($)		Stock Awards ⁽¹⁾ ($)		Option Awards ($)		Non-Equity Incentive Plan Compensation ($)		Nonqualified Deferred Compensation Earnings ($)		All Other Compensation ($)		Total ($)

Chang Qiu		3,000		-		-		-		-		-		3,000
Zhiqing Chen		-		-		-		-		-		-		-
George Kai Chu		-		-		-		-		-		-		-
Chung Wang Yiu (Ron)		-		-		-		-		-		-		-
Fernando Chen I-Ting		2,570		-		-		-		-		-		2,570
Justin Tam		-		-		-		-		-		-		-

(1)	The aggregate grant date fair value of the restricted stock awarded to each director is computed in accordance with FASB ASC Topic 718.

Certain Relationships and Related Transactions

It is our policy to not enter any transaction (other than compensation arrangements in the ordinary course) with any director, executive officer, employee, or principal stockholder or party related to them, unless authorized by a majority of the directors having no interest in the transaction, upon a favorable recommendation by the Audit Committee (or a majority of its disinterested members).

Award Timing MNPI Considered [Flag]

false

- Definition

Presentation of information about comprehensive income, income, other comprehensive income, financial position, cash flows, and shareholders' equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 35
-Paragraph 12A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479165/842-20-35-12A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483421/250-10-45-24

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 23
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483421/250-10-45-23

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483421/250-10-45-5

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483014/272-10-45-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 310
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477802/946-310-45-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 45
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477796/946-210-45-4

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12)(b)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(13)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(13)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(6)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(a)(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(2)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(6)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(6)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(6)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(16)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 45: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 46: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 47: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 48: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 49: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 50: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 51: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(a)(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 52: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 53: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(7)(c)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 54: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-3

+ Details

Consolidated Statements of Changes in Equity (Parentheticals) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	$ 108

Note 14 - Other Current Liabilities (Details Textual) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Other current liabilities

^[1]

$ 566

$ 480

Chief Executive Officer [Member]

Other current liabilities

$ 470

$ 120

[1]	Liabilities recognized as a result of consolidating the VIEs do not represent additional claims on the Company’s general assets (Note 2).

Note 4 - Summary of Significant Accounting Policies - Allowance for Credit Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Balance as of beginning of the period	$ 4,817	$ 3,987
Balance as of beginning of the period	1,513	1,559
Provision for/(reverse of) credit loss during the period	217	892
Provision for/(reverse of) credit loss during the period	476	(46)
Exchange translation adjustments	103	(62)
Written off during the period	0	0
Balance as of end of the period	5,137	4,817
Exchange translation adjustments	0	0
Balance as of end of the period	$ 1,989	$ 1,513

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References + Details

Note 8 - Long-term Investment - Summary of Long-term Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Balance	$ 397	$ 794
Cash investments during the year	720	2
Disposed during the year	0	(397)
Impairment losses provided during the year	0	(2)
Balance	$ 1,117	$ 397

Note 18 - Employee Defined Contribution Plan (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Defined Contribution Plan, Employer Mandatory Contribution, Percent	5.00%
Defined Contribution Plan, Employee Mandatory Contribution, Percent	5.00%
Defined Contribution Plan, Cost	$ 50	$ 80

Note 11 - Accrued Payroll and Other Accruals - Accrued Payroll and Other Accruals (Details) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Accrued payroll and other accruals

^[1]

$ 517

$ 557

Accrued Payroll and Staff Welfare [Member]

Accrued payroll and other accruals

Accrued Operating Expenses [Member]

Accrued payroll and other accruals

$ 437

$ 486

[1]	Liabilities recognized as a result of consolidating the VIEs do not represent additional claims on the Company’s general assets (Note 2).

Note 16 - The Financing and Warrant Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Warrant Activity [Table Text Block]

	Warrant Outstanding*							Warrant Exercisable*
	Number of underlying shares			Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Number of underlying shares			Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
Balance, January 1, 2024		148,543			0.63	$	74.00		148,543			0.63	$	74.00
Issued/Vested		-							-
Exercised		-
Expired		(148,543	)			$	74.00		(148,543	)			$	74.00
Balance, December 31, 2024		-							-

Note 2 - Variable Interest Entities

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Variable Interest Entities Disclosure [Text Block]

2.	Variable Interest Entities

To satisfy PRC laws and regulations, the Company conducts certain business in the PRC through its Variable Interest Entities (“VIEs”).

The significant terms of the Company’s VIE Agreements are summarized below:

Exclusive Business Cooperation Agreements: Pursuant to the Exclusive Business Cooperation Agreements entered into by and between Rise King WFOE and each of the PRC Operating Entities, Rise King WFOE has the exclusive right to provide to the PRC Operating Entities complete technical support, business support and related consulting services during the term of these agreements, which includes but is not limited to technical services, business consultations, equipment or property leasing, marketing consultancy system integration, product research and development, and system maintenance. In exchange for such services, each PRC Operating Entity has agreed to pay a service fee consisting of a management fee and a fee for services provided, to Rise King WFOE, which shall be determined by Rise King WFOE according to the following factors: the complexity and difficulty of the services, seniority of and time consumed by the employees, specific contents, scope and value of the services, market price of the same type of services, and operation conditions of the PRC Operating Entities. Each agreement shall remain effective unless terminated in accordance with the provisions thereof or terminated in writing by Rise King WFOE.

Exclusive Option Agreements: Under the Exclusive Option Agreements entered into by and among Rise King WFOE, each of the PRC Shareholders irrevocably granted to Rise King WFOE or its designated person an exclusive option to purchase, to the extent permitted by PRC law, a portion or all of their respective equity interest in any PRC Operating Entities for a purchase price of RMB 10, or a purchase price to be adjusted to be in compliance with applicable PRC laws and regulations. Rise King WFOE, or its designated person, has the sole discretion to decide when to exercise the option, whether in part or in full. Each of these agreements shall become effective upon execution and remain effective until all equity interests held by the relevant PRC Shareholder(s) in the PRC Operating Entities have been transferred or assigned to Rise King WFOE and/or any other person designated by Rise King WFOE.

Equity Pledge Agreements: Under the Equity Pledge Agreements entered into by and among Rise King WFOE, the PRC Operating Entities and each of the PRC Shareholders, the PRC Shareholders pledged all of their equity interests in the PRC Operating Entities to guarantee the PRC Operating Entities’ and the PRC Shareholders’ performance of the relevant obligations under the Exclusive Business Cooperation Agreements and other Contractual Agreements. If the PRC Operating Entities or any of the PRC Shareholders breaches its/his/her respective contractual obligations under these agreements, or upon the occurrence of one of the events regarded as an event of default under each such agreement, Rise King WFOE, as pledgee, will be entitled to certain rights, including the right to dispose of the pledged equity interests. The PRC Shareholders of the PRC Operating Entities agreed not to dispose of the pledged equity interests or take any actions that would prejudice Rise King WFOE's interest, and to notify Rise King WFOE of any events or upon receipt of any notices which may affect Rise King WFOE's interest in the pledge. Each of the equity pledge agreements will be valid until all the obligations under the Exclusive Business Cooperation Agreements and other Contractual Agreements have been fulfilled, including the service fee payments related to the Exclusive Business Cooperation Agreement are paid in full.

Irrevocable Powers of Attorney: The PRC Shareholders have each executed an irrevocable power of attorney to appoint Rise King WFOE as their exclusive attorneys-in-fact to vote on their behalf on all PRC Operating Entities matters requiring shareholder approval. The term of each power of attorney is valid so long as such shareholder is a shareholder of the respective PRC Operating Entity.

As a result of these VIE Agreements, the Company through its wholly-owned subsidiary, Rise King WFOE, was granted with unconstrained decision making rights and power over key strategic and operational functions that would significantly impact the PRC Operating Entities or the VIEs’ economic performance, which includes, but is not limited to, the development and execution of the overall business strategy; important and material decision making; decision making for merger and acquisition targets and execution of merger and acquisition plans; business partnership strategy development and execution; government liaison; operation management and review; and human resources recruitment and compensation and incentive strategy development and execution. Rise King WFOE also provides comprehensive services to the VIEs for their daily operations, such as operational technical support, office automation technical support, accounting support, general administration support and technical support for products and services. As a result of the Exclusive Business Cooperation Agreements, the Equity Pledge Agreements and the Exclusive Option Agreements, Rise King WFOE has the obligation to absorb the losses and the right to receive benefits of the VIEs that could potentially be significant to the VIEs. Rise King WFOE is deemed to be the primary beneficiary of the PRC Operating Entities, or the VIEs, that are parties to the relevant VIE agreements, for accounting purposes only, which serves the purpose of consolidating the VIEs’ operating results in the preparation of the Company’s consolidated financial statements under the U.S. GAAP.

In the opinion of the Company’s PRC legal counsel, as of the date hereof, the Company’s current contractual arrangements with the VIEs and their respective shareholders are valid, binding and enforceable. However, there exist substantial uncertainties and risks regarding regulations and their potential effect on the Company’s VIE structure and contractual arrangements.

On March 15, 2019, the National People’s Congress of the PRC approved the Foreign Investment Law, which came into effect on January 1, 2020. The Foreign Investment Law embodies an expected PRC regulatory trend to rationalize its foreign investment regulatory regime in line with prevailing international practice and the legislative efforts to unify the corporate legal requirements for both foreign and domestic investments. However, since it is relatively new, uncertainties still exist in relation to its interpretation and implementation. Though it does not explicitly classify contractual arrangements as a form of foreign investment, there is no assurance that foreign investment via contractual arrangement would not be interpreted as a type of indirect foreign investment activities under the definition in the future. In addition, the definition contains a catch-all provision which includes investments made by foreign investors through means stipulated in laws or administrative regulations or other methods prescribed by the State Council. Therefore, it still leaves leeway for future laws, administrative regulations or provisions promulgated by the State Council to provide for contractual arrangements as a form of foreign investment. In any of these cases, it will be uncertain whether the Company’s contractual arrangements will be deemed to be in violation of the market access requirements for foreign investment under the PRC laws and regulations. Furthermore, if future laws, administrative regulations or provisions prescribed by the State Council mandate further actions to be taken by companies with respect to existing contractual arrangements, the Company may face substantial uncertainties as to whether it can complete such actions in a timely manner, or at all. Failure to take timely and appropriate measures to cope with any of these or similar regulatory compliance challenges could materially and adversely affect the Company’s current corporate structure, corporate governance and business operations.

In addition, these contractual arrangements may not be as effective in providing the Company with control over the VIEs as would direct ownership. Due to its VIE structure, the Company has to rely on contractual rights to effect control and management of the VIEs, which exposes it to the risk of potential breach of contract by the shareholders of the VIEs for a number of reasons. For example, their interests as shareholders of the VIEs and the interests of the Company may conflict, and the Company may fail to resolve such conflicts; the shareholders may believe that breaching the contracts will lead to greater economic benefit for them; or the shareholders may otherwise act in bad faith. If any of the foregoing were to happen, the Company may have to rely on legal or arbitral proceedings to enforce its contractual rights, including specific performance or injunctive relief, and claiming damages. Such arbitral and legal proceedings may cost substantial financial and other resources, and result in a disruption of its business, and the Company cannot assure that the outcome will be in its favor. In addition, as all of these contractual arrangements are governed by PRC law and provide for the resolution of disputes through either arbitration or litigation in the PRC, they would be interpreted in accordance with PRC law and any disputes would be resolved in accordance with PRC legal procedures. The legal environment in the PRC is not as developed as in other jurisdictions, such as the United States. As a result, uncertainties in the PRC legal system could further limit the Company’s ability to enforce these contractual arrangements. Furthermore, these contracts may not be enforceable in China if PRC government authorities or courts take a view that such contracts contravene PRC laws and regulations or are otherwise not enforceable for public policy reasons. In the event that the Company is unable to enforce any of these agreements, the Company would not be able to exert effective control over the affected VIEs and consequently, the results of operations, assets and liabilities of the affected VIEs and their subsidiaries would not be included in the Company's consolidated financial statements. If such were the case, the Company's cash flows, financial position and operating performance would be materially adversely affected.

As of the date hereof, to the best knowledge of the Company and its directors and management, the Company’s VIE agreements have not been tested in a court of law in the PRC and may not be effective in providing control over the VIEs as would direct equity ownership.

Summarized below is the information related to the VIEs’ assets and liabilities reported in the Company’s consolidated balance sheets as of December 31, 2025 and 2024, respectively:

	As of December 31,
	2025		2024
	US$(’000)		US$(’000)
Assets
Current assets:
Cash and cash equivalents	$	13	$	24
Accounts receivable, net		-		34
Prepayment and deposit to suppliers		1,073		1,189
Other current assets		2		2
Total current assets		1,088		1,249

Property and equipment, net		66		85
Deferred tax assets		-		-
Total Assets	$	1,154	$	1,334

Liabilities
Current liabilities:
Accounts payable	$	95	$	93
Advances from customers		461		489
Accrued payroll and other accruals		26		14
Taxes payable		2,578		2,521
Operating lease liabilities		-		-
Lease payment liabilities related to short-term leases		-		-
Other current liabilities		624		546
Total current liabilities		3,784		3,663

Operating lease liabilities-Non current		-		-
Total Liabilities	$	3,784	$	3,663

Liabilities recognized as a result of consolidating the VIEs do not represent additional claims on the Company’s general assets.

Summarized below is the information related to the financial performance of the VIEs reported in the Company’s consolidated statements of operations and comprehensive loss for the years ended December 31, 2025 and 2024, respectively:

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)

Revenues	$	50	$	9,909
Cost of revenues		44		9,842
Total operating expenses		27		2,036
Net loss before allocation to noncontrolling interests		27		2,301

Note 14 - Advance From Investors

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Debt Disclosure [Text Block]

13.

Advance from investors

During the year ended December 31, 2025, we had no advances from investors.

During the year ended December 31, 2024, we received advances from investors of approximately US$1.08 million. On August 23, September 5, September 6, September 25, 2024, we entered into a securities purchase agreement with each of four investors (including one member of our Board of Directors), respectively, pursuant to which each purchaser agreed to purchase 89,606 shares of common stock for an aggregate purchase price of US$268,818. On the date that each securities purchase agreement was signed, each purchaser entered into a lock-up agreement with the Company, respectively, whereby each purchaser agreed not to transfer the shares until the six-month anniversary of the date of each securities purchase agreement.

The number of shares have been restated in this note to reflect the effect of the 1-for-4 reverse stock split on September 30, 2024, see Note 4(l).

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Note 18 - Employee Defined Contribution Plan

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Retirement Benefits [Text Block]

18.

Employee defined contribution plan

Full time employees of the Company in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, employee housing fund and other welfare benefits are provided to employees. Chinese labor regulations require that the PRC subsidiaries and VIEs of the Company make contributions to the government for these benefits based on certain percentages of the employees’ salaries. The Mandatory Provident Fund (MPF) schemes in Hong Kong are defined contribution retirement schemes managed by authorized independent trustees. Under the Mandatory Provident Fund Schemes Ordinance of Hong Kong, employers are required to enroll their Hong Kong employees aged between 18 and 65 in an MPF scheme and make contributions on their behalf. Under the MPF system, both the employer and the employee are required to contribute 5% of the employee’s monthly relevant income as mandatory contributions, subject to the prescribed minimum and maximum relevant income levels for contribution purposes in Hong Kong. The employee benefits were expensed as incurred. The Company has no legal obligation for the benefits beyond the contributions made. Total amounts for such employee benefits were approximately US$0.05 million and US$0.08 million for the years ended December 31, 2025 and 2024, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Note 8 - Long-term Investment (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Other Investments Not Readily Marketable [Table Text Block]

	Amount
	US$(’000)

Balance as of January 1, 2024		794
Investments during the year		2
Disposed during the year		(397	)
Impairment losses provided during the year		(2	)
Balance as of December 31, 2024		397
Investments during the year		720
Disposed during the year		-
Impairment losses provided during the year		-
Balance as of December 31, 2025		1,117

Note 23 - Share-based Compensation Expenses

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

23.

Share-based compensation expenses

In August and September of 2024, under its 2023 Omnibus Securities and Incentive Plan, the Company granted and issued an aggregate of approximately 0.19 million fully-vested shares of the Company’s restricted common stock to employees of the Company in exchange for their services to the Company. These shares were valued at the closing bid price of the Company’s common stock on the respective date of grant. Total compensation expenses recognized was approximately US$0.45 million for the year ended December 31, 2024.

In August 2024, the Company granted and issued approximately 0.18 million fully-vested and non-forfeitable shares of the Company restricted common stock to business and financial consultants in exchange for their service for a 12-month period until August 2025. Total compensation expenses amortized was approximately US$0.23 million and US$0.35 million for the years ended December 31, 2024 and 2025, respectively.

The table below summarized share-based compensation expenses recorded for the years ended December 31, 2025 and 2024, respectively:

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)

Sales and marketing expenses		-		-
General and administrative expenses		345		684
Research and development expenses		-		-
Total		345		684

Note 5 - Accounts Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Accounts Receivable [Table Text Block]

	As of December 31,
	2025			2024
	US$(’000)			US$(’000)

Accounts receivable		5,682			6,431
Allowance for doubtful accounts		(5,137	)		(4,817	)
Accounts receivable, net		545			1,614

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

a)	Basis of presentation

The consolidated financial statements are prepared and presented in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”).

Consolidation, Policy [Policy Text Block]

b)	Principles of consolidation

The consolidated financial statements include the accounts of all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation.

Use of Estimates, Policy [Policy Text Block]

c)	Use of estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company continually evaluates these estimates and assumptions based on the most recently available information, historical experience and various other assumptions that the Company believes to be reasonable under the circumstances. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates.

Foreign Currency Transactions and Translations Policy [Policy Text Block]

d)	Foreign currency translation and transactions

The Company conducts substantially all of its operations through its PRC operating subsidiaries and VIEs, PRC is the primary economic environment in which the Company operates. For financial reporting purposes, the financial statements of the Company’s PRC operating subsidiaries and VIEs, which are prepared using the functional currency of the PRC, Renminbi (“RMB”), are translated into the Company’s reporting currency, the United States Dollar (“U.S. dollar”). Assets and liabilities are translated using the exchange rate at each balance sheet date. Revenue and expenses are translated using average rates prevailing during each reporting period, and stockholders’ equity is translated at historical exchange rates. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income in stockholders’ equity.

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transactions. The resulting exchange differences are included in the determination of net loss of the consolidated statements of operations and comprehensive loss for the respective periods.

The exchange rates used to translate amounts in RMB into US$ for the purposes of preparing the consolidated financial statements are as follows:

	Year Ended December 31,
	2025	2024
Items in the statements of operations and comprehensive loss	7.1429	7.1217

No representation is made that the RMB amounts could have been or could be converted into US$ at the above rates.

Cash and Cash Equivalents, Policy [Policy Text Block]

e)	Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and bank deposits. The Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents.

The Company’s cash is held in accounts at major financial institutions located in the U.S. and the PRC, which includes Hong Kong. As of December 31, 2025, US$0.17 million of the Company’s cash was held in accounts at financial institutions located in the U.S., and the remaining US$0.80 million was held in the accounts at financial institutions located in the PRC. The Company believes that these financial institutions are of high credit quality, all of which have participated in the federal/national deposit insurance scheme of their respective jurisdiction. The Company’s cash held in accounts at the financial institutions in the U.S. are insured by the Federal Deposit Insurance Corporation (FDIC) for up to US$0.25 million per depositor per insured bank and the cash held in accounts at the financial institutions in the PRC are insured by the Deposit Insurance Capital Corporation (DICC), a wholly-owned subsidiary of the People’s Bank of China, for up to RMB0.50 million per depositor per insured bank. The Company's cash held in accounts at financial institutions in Hong Kong are covered by the Hong Kong Deposit Protection Scheme, which provides protection of up to HK$800,000 per depositor per insured bank. The Company, its subsidiaries, VIEs and VIEs’ subsidiaries have not experienced any losses in such accounts in the U.S. and the PRC and do not believe their cash is exposed to any significant risk.

The cash held in accounts at the financial institutions in the PRC is in Renminbi and the Hong Kong Dollar. Renminbi is not freely convertible into other currencies. The Chinese government imposes controls on the convertibility of Renminbi into foreign currencies and, in certain cases, the remittance of currency out of China. Renminbi is currently convertible under the “current account,” which includes dividends, trade and service-related foreign exchange transactions, but not under the “capital account,” which includes foreign direct investment and foreign debt. Currently, our PRC subsidiaries may purchase foreign currency for settlement of current account transactions, including payment of dividends to us, without the approval of the State Administration of Foreign Exchange of China (the “SAFE”) by complying with certain procedural requirements. However, the relevant Chinese governmental authorities may limit or eliminate our ability to purchase foreign currencies in the future for current account transactions. The Chinese government may continue to strengthen its capital controls, and additional restrictions and substantial vetting processes may be instituted by the SAFE for cross-border transactions falling under both the current account and the capital account. Foreign exchange transactions under the capital account remain subject to limitations and require approvals from, or registration with, the SAFE and other relevant Chinese governmental authorities. There is no restriction for the Company to transfer its cash held in accounts at the financial institutions located in the U.S. outside the border of the U.S.

The Company is a Nevada holding company with operations primarily conducted in China through its PRC subsidiaries, VIEs and VIEs’ subsidiaries. The intercompany flow of funds within its organization is effected through capital contributions and intercompany loans, which requires prior approval by the delegated executive officers before execution.

The Company has transferred, and intends to continue to transfer, most of its cash raised from the U.S. stock market to its PRC operating entities to support their operations and expansions. The Company’s ability to pay dividends to U.S. investors may depend on receiving dividends or other distributions from its PRC subsidiaries and settlement of the amounts owed under the VIE agreements from the consolidated VIEs. The Company does not have any present plan to demand the consolidated VIEs to settle their amounts owed under the VIE agreements, or make any distribution of earnings or issue any dividends directly or indirectly to the Nevada holding company. In addition, the Company also currently does not have any plan to pay any cash dividends on its common stock in the foreseeable future.

For the year ended December 31, 2025, we transferred US$0.40 million in cash to our operating subsidiaries. For the year ended December 31, 2024, we transferred US$0.48 million in cash to our operating subsidiaries

For the year ended December 31, 2025, our consolidated VIEs transferred US$0.09 million to our consolidated subsidiaries as repayment of loans. For the year ended December 31, 2024, our consolidated VIEs transferred US$0.02 million to our consolidated subsidiaries as repayment of loans.

For the years ended December 31, 2025 and 2024, the Company’s PRC subsidiaries, the VIEs, and VIE’s subsidiaries did not transfer any cash outside of the PRC.

Accounts Receivable [Policy Text Block]

f)	Accounts receivable, net

Accounts receivable are recorded at net realizable value consisting of the carrying amount less an allowance for uncollectible accounts as needed. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on aging data, historical collection experience, customer specific facts and economic conditions. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company did not have any off-balance-sheet credit exposure relating to its customers, suppliers or others. For the year ended December 31, 2025, the Company recorded approximately US$0.22 million of allowance for doubtful accounts against its accounts receivable. For the year ended December 31, 2024, the Company recorded approximately US$0.89 million of allowance for doubtful accounts against its accounts receivable.

Investment, Policy [Policy Text Block]

g)	Long-term investments

The Company’s investments in equity securities and other ownership interests (except those accounted for under the equity method of accounting or those that resulted in consolidation of the investee), i.e. investments in investee companies that are not consolidated, and over which the Company does not exercise significant influence, are accounted for in accordance with ASC Topic 321: “Investments-Equity securities”. The Company generally owns less than 20% interest in the voting securities of these investee companies. In accordance with ASC 321-10-35-2, the Company chooses to measure these investments which do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the Company and records the carrying value of these investments as “Long-term investments” in the Company’s consolidated balance sheets.

In accordance with ASC 321-10-35-3, the Company writes down the carrying value of these investments to its fair value if a qualitative assessment indicates that the investment is impaired, and the fair value of the investment is less than its carrying value, as determined using the guidance in ASC 321-10-35-2.

For the year ended December 31, 2025, the Company recorded nil in impairment loss associated with its long-term investments. For the year ended December 31, 2024, the Company recorded approximately US$0.002 million impairment loss associated with its long-term investments.

Property, Plant and Equipment, Policy [Policy Text Block]

h)	Property and equipment, net

Property and equipment are recorded at cost less accumulated depreciation/amortization. Depreciation/amortization is calculated on the straight-line method after taking into account their respective estimated residual values over the following estimated useful lives:

Leasehold improvements	3 years
Vehicles	5 years
Office equipment	3-5 years
Electronic devices	5 years

Depreciation/amortization expenses of fixed assets are included in sales and marketing expenses, general and administrative expenses and research and development expenses. Leasehold improvements are amortized over the lesser of the lease term or estimated useful life.

When property and equipment are retired or otherwise disposed of, resulting gain or loss is included in net income or loss in the period of disposition. Maintenance and repairs which do not improve or extend the expected useful lives of the assets are charged to expenses as incurred, whereas the cost of renewals and betterments that extend the useful life of the assets are capitalized as additions to the related assets.

Intangible Assets, Finite-Lived, Policy [Policy Text Block]

i)	Intangible assets, net

The Company accounted for cost related to internal-used software in accordance with ASC Topic 350-40 “Intangibles-Goodwill and Other-Internal-Use Software”. Internal-use software is initially recorded at cost and amortized on a straight-line basis over the estimated useful economic life of 3 to 10 years.

Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]

j)	Impairment of long-lived assets

In accordance with ASC 360-10-35, long-lived assets, which include tangible long-lived assets and intangible long-lived assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets to be held and used is measured by a comparison of the carrying amount of the asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment loss is recognized for the difference between the carrying amount of the asset and its fair value.

For the year ended December 31, 2025 and 2024, the Company recorded no impairment loss associated with its intangible assets.

Fair Value Measurement, Policy [Policy Text Block]

k)	Fair value

The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, short-term loans to unrelated parties and accounts payable. The carrying values of these financial instruments approximate fair values due to their short maturities.

ASC Topic 820 "Fair Value Measurement and Disclosures," defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This topic also establishes a fair value hierarchy which requires classification based on observable and unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value:

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 2 - Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter.

Stockholders' Equity, Policy [Policy Text Block]

l)	Reverse stock split

For the year ended December 31, 2024, the Board of Directors of the Company approved a reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”) at a ratio of 1-for-4 (the “Reverse Stock Split”). The Reverse Stock Split became effective on September 30, 2024 (the “Effective Date”). As a result, the number of shares of the Company’s authorized Common Stock was reduced from 50,000,000 shares to 12,500,000 shares and the issued and outstanding number of shares of the Common Stock was correspondingly decreased. The Reverse Stock Split has no effect on the par value of the Company’s Common Stock or authorized shares of preferred stock. When the Reverse Stock Split became effective, each four shares of issued and outstanding Common Stock were converted into one newly issued and outstanding share of Common Stock. No fractional shares were issued in connection with the Reverse Stock Split. Any fractional shares of Common Stock that would have otherwise resulted from the Reverse Stock Split were rounded up to the nearest full share. No cash or other consideration was paid in connection with any fractional shares that would otherwise have resulted from the Reverse Stock Split. As a result of the Reverse Stock Split, 8,704,506 shares of Common Stock that were issued and outstanding at September 30, 2024 was reduced to 2,301,205 shares of Common Stock (taking into account the rounding of fractional shares).

Except where otherwise specified, all number of shares, number of warrants, share prices, exercise prices and per share data in the consolidated financial statements and notes to the consolidated financial statements have been retroactively restated as if the Reverse Stock Split occurred at the beginning of the periods presented.

Revenue from Contract with Customer [Policy Text Block]

m)	Revenue recognition

In accordance with ASC Topic 606, revenues are recognized when control of the promised goods or services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. In determining when and how much revenue is recognized from contracts with customers, the Company performs the following five-step analysis: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; (5) recognize revenue when (or as) the entity satisfies a performance obligation.

Multiple performance obligations included in the Company’s contracts with customers are neither capable of being distinct, that is, can benefit the customer on its own or together with other readily available resources, nor is distinct within the context of the contract, that is, the promise to transfer the service separately identifiable from other promises in the contract.

The Company’s contract with customers do not include significant financing component and any variable consideration.

Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from customers was insignificant for both the years ended December 31, 2025 and 2024.

The Company does not believe that significant management judgements are involved in revenue recognition, but the amount and timing of the Company’s revenues could be different for any period if management made different judgments or utilized different estimates. Generally, the Company recognizes revenue under ASC Topic 606 for each type of its performance obligation either over time or at a point in time as follows:

Distribution of the right to use search engine marketing service

Revenue from distribution of the right to use search engine marketing service is recognized on a monthly basis based on the direct cost consumed through search engines for providing such services with a premium (“over time”). The Company recognizes the revenue on a gross basis, because the Company determines that it is a principal in the transaction who control the goods or services before they are transferred to the customers.

Internet advertising and related marketing service

For our internet advertising and related marketing service during the year ended December 31, 2025, we primarily provided influencer marketing services and digital marketing services to our clients. Revenues related to our influencer marketing services and digital marketing services are recognized based on when the marketing service is completed and accepted by our clients. The Company recognizes the revenue on a gross basis, because the Company determines that it is a principal in the transaction who control the goods or services before they are transferred to the customers.

IP Services

For our IP services during the year ended December 31, 2025, we licensed intellectual property acquired from Rahula to our clients. Revenues related to our IP services are recognized over time for the term of the agreement. The customer simultaneously receives and consumes the benefits of the licensed intellectual property over the term of the agreement. The Company recognizes the revenue on a gross basis, because the Company determines that it is a principal in the transaction who control the goods or services before they are transferred to the customers.

Blockchain-based SaaS services

The Company develops blockchain enabled web/mobile applications and provides Software-as-a-Service (“SaaS”) services for clients. We also purchase and sell mobile applications with blockchain functionalities. Fixed periodical subscription fee revenues for the use of the Company’s Blockchain Integrated Framework (“BIF”) platform are recognized ratably on a monthly basis over the period of the subscription service (“over time”). Revenues related to the Non-fungible Token (“NFT”) generation service provided through the BIF platform are recognized based on a fixed price per NFT generation, when a NFT is generated, delivered and accepted by customers (“point in time”). Revenue from the purchase and sale of mobile applications is recognized when the deliverables are delivered and accepted by customers. The Company recognizes the revenue on a gross basis, because the Company determines that it is a principal in the transaction who control the goods or services before they are transferred to the customers.

The following tables present the Company’s revenues disaggregated by products and services and timing of revenue recognition:

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)
Internet advertising and related service
--distribution of the right to use search engine marketing service		50		9,909
--Internet advertising and related data service		3,688		4,780
IP Services		260		-
Blockchain-based SaaS services		616		750
Total revenues	$	4,614	$	15,439

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)

Revenue recognized over time		310		9,909
Revenue recognized at a point in time		4,304		5,530
Total revenues	$	4,614	$	15,439

Contract costs

For the years ended December 31, 2025 and 2024, the Company did not have any significant incremental costs of obtaining contracts with customers incurred and/or costs incurred in fulfilling contracts with customers, that shall be recognized as an asset and amortized to expenses in a pattern that matches the timing of the revenue recognition of the related contract.

Contract balances

The Company evaluates overall economic conditions, its working capital status and customer specific credit and negotiates the payment terms of a contract with individual customer on a case-by-case basis in its normal course of business.

Advances received from customers related to unsatisfied performance obligations are recoded as contract liabilities (advance from customers), which will be realized as revenues upon the satisfaction of performance obligations through the transfer of related promised goods and services to customers.

For contracts without a full or any advance payments required, the Company bills the customers any unpaid contract price immediately upon satisfaction of the related performance obligations when revenue is recognized.

The Company does not have any contract assets (unbilled receivables) since revenue is recognized when control of the promised goods or services is transferred and the payment from customers is not contingent on a future event.

The Company’s contract liabilities primarily consist of advance from customers related to unsatisfied performance obligations in relation to online advertising placement service and distribution of the right to use search engine marketing service. All contract liabilities are expected to be recognized as revenue within one year. The table below summarized the movement of the Company’s contract liabilities for the two years ended December 31, 2025:

	Contract liabilities
	US$(’000)

Balance as of January 1, 2024		843
Exchange translation adjustment		(13	)
Revenue recognized from beginning contract liability balance		(527	)
Advances received from customers related to unsatisfied performance obligations		186
Balance as of December 31, 2024		489
Exchange translation adjustment		11
Revenue recognized from beginning contract liability balance		(39	)
Advances received from customers related to unsatisfied performance obligations		61
Balance as of December 31, 2025		522

For the years ended December 31, 2025 and 2024, there is no revenue recognized from performance obligations that were satisfied in prior periods.

Transaction price allocated to remaining performance obligation

The Company has elected to apply the practical expedient in paragraph ASC Topic 606-10-50-14 and did not disclose the information related to transaction price allocated to the performance obligations that are unsatisfied or partially unsatisfied as of December 31, 2025 and 2024, because all performance obligations of the Company’s contracts with customers have an original expected duration of one year or less.

Cost of Goods and Service [Policy Text Block]

n)	Cost of revenues

Cost of revenues primarily includes the cost of Internet and other forms of advertising resources and related technical services purchased from third parties, amortization of software platform development cost, amortization of intellectual property and other direct cost associated with providing services.

Research and Development Expense, Policy [Policy Text Block]

o)	Research and development expenses

The Company accounts for expenses for the enhancement, maintenance and technical support to the Company’s Internet platforms and intellectual properties that are used in its daily operations in research and development expenses. Research and development costs are charged to expense when incurred. Expenses for research and development for the years ended December 31, 2025 and 2024, were nil.

Lessee, Leases [Policy Text Block]

Lease

The Company leases office spaces from unrelated parties in its normal course of business. Other than these office spaces lease contracts, the Company does not have any other contract that is or contains a lease under ASC Topic 842.

The Company’s lease contracts do not contain any option for the Company to extend or terminate the lease, and do not contain the option for the Company to purchase the underlying assets. Based on the noncancelable lease period in the contract, the Company considers contract-based, asset-based, market-based and entity-based factors to determine the term over which it is reasonably certain to extend the lease, and then determine the lease term of each contract, which is 1-8 years. The Company’s lease contracts only contain fixed lease payments and do not contain any residual value guarantee.

The Company’s office lease contracts do not contain any nonlease component and are classified as operating leases in accordance with ASC Topic 842-10-25-3.

For lease contracts with a duration of twelve months or less and thus met the definition of a short-term lease under ASC 842, the Company, in accordance with ASC 842-20-25-2, elected not to apply the recognition requirements (i.e. not to recognize right-of-use asset and related lease liability) to these short-term leases. Instead, the Company recognized the lease payments of these short-term leases in its consolidated statements of operations and comprehensive loss on a straight-line basis over the lease term. As of December 31, 2025 and 2024, lease payments liability related to these short-term leases was approximately nil.

For lease contracts with a duration of over twelve months, as the implicit rates of the Company leases cannot be readily determined, in accordance with ASC Topic 842-20-30-3, the Company used its incremental borrowing rate as the discount rate to determine the present value of the lease payments for each lease contract. The Company’s incremental borrowing rate was determined based on the interest rate expected to be used by the commercial banks in the PRC for long-term loans with the same maturity terms as the respective lease contracts at lease inception, if lent to the Company on a collateralized basis.

As of December 31, 2025 and 2024, operating lease right-of-use assets recognized was approximately US$0.05 million and nil, respectively. As of December 31, 2025 and 2024, total operating lease liabilities recognized was approximately US$0.05 million and nil, respectively.

Maturity of operating lease liabilities

As of December 31, 2025, operating lease right-of-use assets and total operating lease liabilities recognized was approximately US$0.05 million and US$0.05 million, respectively.

As of December 31, 2024, we did not recognize any operating lease right-of-use assets and operating lease liabilities.

Maturity of operating lease liabilities

	Operating leases
	US$(’000)
Year ending December 31,
-2026		51
Total undiscounted lease payments		51
Less: imputed interest		(2	)
Operating lease liabilities as of December 31, 2025	$	49

Including:
Operating lease liabilities		49
Operating lease liabilities-Non current		-
	$	49

Operating lease expenses:

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)

Long-term operating lease contracts		50		22
Short-term operating lease contracts		5		34
Total		55		56

Supplemental information related to operating leases:

	Year Ended December 31,
	2025			2024

Operating cash flows used for operating leases (US$’000)		53			25
Right-of-use assets obtained in exchange for new lease liabilities (US$’000)		87			-
Weighted-average remaining lease term (years)		-			-
Weighted-average discount rate		6	%		6	%

Income Tax, Policy [Policy Text Block]

q)	Income taxes

The Company follows the guidance of ASC Topic 740 “Income taxes” and uses liability method to account for income taxes. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets, if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized in statement of operations and comprehensive loss in the period that includes the enactment date.

Income Tax Uncertainties, Policy [Policy Text Block]

r)	Uncertain tax positions

The Company follows the guidance of ASC Topic 740 “Income taxes”, which prescribes a more likely than not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. As a result, the impact of an uncertain income tax position is recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant tax authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.

The Company recognizes interest on non-payment of income taxes under requirement by tax law and penalties associated with tax positions when a tax position does not meet the minimum statutory threshold to avoid payment of penalties. Interest and penalties on income taxes will be classified as a component of the provisions for income taxes. The tax returns of the Company and its subsidiaries and VIEs are subject to examination by the relevant local tax authorities. The statute of limitations related to these tax returns under different circumstances various from 3-10 years, and for PRC entities, there is no statute of limitation in the case of tax evasion. The Company did not have any material interest or penalties associated with tax positions for the years ended December 31, 2025 and 2024 and did not have any significant unrecognized uncertain tax positions as of December 31, 2025 or 2024.

Share-Based Payment Arrangement [Policy Text Block]

s)	Retirement Plan Costs

Contributions to retirement plans (which are defined contribution plans) are charged to general and administrative expenses in the accompanying statements of operations as the related employee service are provided.

For our Hong Kong employees, the Company also evaluates long service payments to be made by the Company to its employees upon the termination of services as a defined benefit plan under post-employment benefits. The cost of providing benefits is measured using projected unit credit method with actuarial valuations to determine its present value and service cost. When the calculation results in a benefit to the Company, the recognized assets limited to lower of the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan and the asset ceiling. The net defined benefit liabilities recognized in the statement of financial position represent the present value of the obligation under defined benefit plan minus the fair value of plan assets. The remeasurement of the net defined benefit liabilities during a period are recognized as cost of defined benefit plan during the period. For the year ended December 31, 2025, the Company did not recognize long service payments as the amount was considered immaterial.

t)	Share-based payment transactions

The Company adopts ASC Topic 718 “Compensation-Stock Compensation” to account for share-based payment transactions with both employees and nonemployees, which requires that share-based payment transactions be measured based on the grant-date fair value of the instrument issued, net of an estimated forfeiture rate, if applicable, and therefore only recognizes compensation expenses for those instruments expected to vest over the requisite service period, or vesting period. Forfeitures are estimated at the time of grant and revised in the subsequent periods if actual forfeitures differ from those estimates.

For fully vested, nonforfeitable equity instruments granted to a nonemployee service provider at the date upon entering into the agreement (no specific performance is required by the nonemployee to retain those equity instruments), because of the elimination of any obligation on the part of the nonemployee to earn the equity instruments, the Company recognizes the instruments when they are granted (in most cases, when the agreement is entered into), the corresponding cost is recorded as a prepayment on the balance sheet, and amortized as share-based compensation expenses over the requisite service period.

Comprehensive Income, Policy [Policy Text Block]

u)	Comprehensive income (loss)

The Company accounts for comprehensive income (loss) in accordance with ASC Topic 220 “Comprehensive Income”, which establishes standards for reporting and displaying comprehensive income (loss) and its components in the consolidated financial statements. Comprehensive income (loss) is defined as the change in equity of a company during a period from transactions and other events and circumstances excluding transactions resulting from investments from owners and distributions to owners. Accumulated other comprehensive income, as presented in the Company’s consolidated balance sheets are the cumulative foreign currency translation adjustments.

Earnings Per Share, Policy [Policy Text Block]

v)	Earnings (loss) per share

Earnings (loss) per share are calculated in accordance with ASC Topic 260, “Earnings Per Share”. Basic earnings (loss) per share is computed by dividing income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. Common shares issuable upon the conversion of the convertible preferred shares are included in the computation of diluted earnings per share on an “if-converted” basis when the impact is dilutive. The dilutive effect of outstanding common stock warrants and options are reflected in the diluted earnings per share by application of the treasury stock method when the impact is dilutive.

Assets Acquisition [Policy Text Block]

w)	Asset acquisition of Rahula Group

Acquisitions that do not meet the definition of a business under ASC 805 are accounted for as an asset acquisition, utilizing a cost accumulation model. Assets acquired and liabilities assumed are recognized at cost, which is the consideration the acquirer transfers to the seller, including direct transaction costs, on the acquisition date. The cost of the acquisition is then allocated to the assets acquired based on their relative fair values. Goodwill is not recognized in an asset acquisition. Direct transaction costs include those third-party costs that can be directly attributable to the asset acquisition and would not have been incurred absent the acquisition transaction.

Acquisition of Rahula Digital Media (HK) Limited.

On March 7, 2025, ChinaNet Investment Holding Limited (the “Purchaser”), a British Virgin Islands company and an indirect wholly-owned subsidiary of ZW Data Action Technologies Inc. acquired the 10,000 shares of Rahula Digital Media (HK) Limited, a Hong Kong company (the "Rahula") that Vickie Chan, an individual (the “Seller”) owned, pursuant to that certain Share Sale and Purchase Agreement, dated March 3, 2025, entered into by and between the Purchaser and the Seller for a total consideration of US$0.6 million. Rahula owns 100% equity interest in Shenzhen Shangye Business Consulting Services Co., Ltd., a People’s Republic of China company (together as “Rahula Group”). Rahula Group is principally engaged in the development and monetization of intellectual property rights on agent management, marketing data management, targeted marketing and mass marketing systems and technologies. On November 24, 2025, we changed the corporate name of Rahula to Cnet Technology (HK) Limited.

The Company determined this transaction represented an asset acquisition as substantially all of the value was in the intellectual property intangible assets of Rahula Group.

The acquisition method of accounting includes the establishment of a net deferred tax asset or liability resulting from book tax basis differences related to assets acquired and liabilities assumed on the date of acquisition. When an acquisition of a group of assets is purchased in a transaction that is not accounted for as a business combination under ASC 805, “Business Combinations”, a difference between the book and tax bases of the assets arises. ASC 740, “Income Taxes,” requires the use of simultaneous equations to determine the assigned value of the asset and the related deferred tax asset or liability. As goodwill is not recognized in an asset acquisition, recognizing deferred tax assets or liabilities for temporary differences in an asset acquisition results in adjusting the carrying amount of the acquired assets and liabilities.

On March 7, 2025, upon the Purchaser’s acquisition of the outstanding common stock of Rahula, the Rahula intangible asset balance recorded on the acquisition date and included in intangible assets was as follows:

	As of March 7, 2025
	US$(’000)
	(Unaudited)
Rahula Group intangible asset recorded on acquisition date:
Intangible asset acquired (a)		707
Deferred tax liability generated from the Rahula asset		(107	)
Total consideration paid		600

(a)

This intangible asset balance will be amortized over the remaining useful life of 3 years as of the March 7, 2025 acquisition date.

Commitments and Contingencies, Policy [Policy Text Block]

x)	Commitments and contingencies

The Company adopts ASC Topic 450 “Contingencies” subtopic 20, in determining its accruals and disclosures with respect to loss contingencies. Accordingly, estimated losses from loss contingencies are accrued by a charge to income when information available before financial statements are issued or are available to be issued indicates that it is probable that an asset had been impaired, or a liability had been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.

Credit Loss, Financial Instrument [Policy Text Block]

y)	Current expected credit losses

In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. The amendments in this ASU require the measurement and recognition of expected credit losses for financial assets held at amortized cost, which replace the existing incurred loss impairment model with an expected loss methodology. The Company, as a SEC smaller reporting company, has adopted the amendments in this ASU from January 1, 2023, using a modified retrospective transition method and did not restate the related accounts in the comparable period.

The allowance for credit losses reflects the Company's current estimate of credit losses expected to be incurred over the life of the related financial assets. The allowance for credit losses is presented as a valuation account that is deducted from the amortized cost basis of financial asset(s) to present the net amount expected to be collected on the financial asset(s).

The Company considers various factors in establishing, monitoring, and adjusting its allowance for credit losses, including the aging and aging trends, customer/other parties’ creditworthiness and specific exposures related to particular customers/other parties. The Company also monitors other risk factors and forward-looking information, such as country specific risks and economic factors that may affect a customer/other party’s ability to pay in establishing and adjusting its allowance for credit losses. The Company assesses collectability by reviewing the financial assets on a collective basis where similar characteristics exist and on an individual basis when the Company identifies specific customers/other parties with known disputes or collectability issues. Accounts receivable and short-term loans to unrelated parties are written off after all collection efforts have ceased.

The following tables summarized the movements of the Company’s credit losses as of December 31, 2025 and 2024, respectively:

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)
	(Unaudited)		(Unaudited)
*Credit loss for accounts receivable:*

Balance as of beginning of the period		4,817		3,987
Provision for/(reverse of) credit loss during the period		217		892
Exchange translation adjustments		103		(62	)
Balance as of end of the period		5,137		4,817

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)
	(Unaudited)		(Unaudited)
*Credit loss for other current assets:*

Balance as of beginning of the period		1,513		1,559
Provision for/(reverse of) for credit loss during the period		476		(46	)
Written off during the period		-		-
Exchange translation adjustments		-		-
Balance as of end of the period		1,989		1,513

Note 24 - Subsequent Events

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Subsequent Events [Text Block]

24.

Subsequent events

No subsequent events have occurred that are required to be adjusted or disclosed as of the date of this consolidated financial statements.

Note 12 - Taxation - Taxes Payable (Details) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Turnover tax and surcharge payable

$ 1,276

$ 1,247

Enterprise income tax payable

1,973

1,905

Taxes payable

^[1]

$ 3,249

$ 3,152

[1]	Liabilities recognized as a result of consolidating the VIEs do not represent additional claims on the Company’s general assets (Note 2).

Insider Trading Arrangements

12 Months Ended

Dec. 31, 2025

Trading Arrangements, by Individual [Table]

Material Terms of Trading Arrangement [Text Block]

ITEM 9B.

OTHER INFORMATION

None.

Rule 10b5-1 Arrangement Adopted [Flag]

false

Rule 10b5-1 Arrangement Terminated [Flag]

false

Non-Rule 10b5-1 Arrangement Adopted [Flag]

false

Non-Rule 10b5-1 Arrangement Terminated [Flag]

false

Note 20 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

20.

Commitments and contingencies

The Company may from time to time become a party to various legal or administrative proceedings arising in its ordinary course of business. The Company evaluates the status of each legal matter and assesses the potential financial exposure. If the potential loss from any legal proceedings or litigation is considered probable and the amount can be reasonably estimated, the Company accrues a liability for the estimated loss. Significant judgment is required to determine the probability of a loss and whether the amount of the loss is reasonably estimated. As of the date hereof, based on the information currently available, the Company believes that the loss contingencies that may arise as a result of currently pending legal proceedings are not reasonably likely to have a material adverse effect on the Company’s business, results of operations, financial condition, and cash flows.

Note 6 - Prepayment and Deposit to Suppliers (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Prepayments and Deposit to Suppliers [Table Text Block]

	As of December 31,
	2025		2024
	US$(’000)		US$(’000)

Deposits to advertising resources providers		529		612
Prepayments to advertising resources providers		4,257		2,996
Deposit for investing activities		-		152
Other deposits and prepayments		425		748
		5,211		4,508

Note 11 - Accrued Payroll and Other Accruals (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Accrued Liabilities [Table Text Block]

	As of December 31,
	2025		2024
	US$(’000)		US$(’000)

Accrued payroll and staff welfare		80		71
Accrued operating expenses		437		486
		517		557

Note 17 - Restricted Net Assets

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Restricted Assets Disclosure [Text Block]

17.

Restricted Net Assets

The Company is a Nevada holding company with operations primarily conducted through our subsidiaries outside of mainland China, with limited operations in mainland China conducted through our PRC subsidiaries, VIEs and VIEs’ subsidiaries. The Company’s ability to pay dividends to U.S. investors may depend on receiving distributions from its PRC subsidiaries and settlement of the amounts owed under the VIE agreements from the consolidated VIEs. Any limitation on the ability of the Company’s PRC subsidiaries and the consolidated VIEs to make payments to the Company, or the tax implications of making payments to the Company, could have a material adverse effect on its ability to pay dividends to the U.S. investors.

The PRC regulations currently permit payment of dividends only out of accumulated profits, as determined in accordance with PRC accounting standards and regulations. The Company’s PRC subsidiaries, the consolidated VIEs and their subsidiaries in China are also required to set aside at least 10% of their respective after-tax profit based on the PRC accounting standards and regulations each year to the statutory surplus reserve, until the balance in the reserve reaches 50% of the registered capital of the respective PRC entities. In accordance with these PRC laws and regulations, the Company’s PRC subsidiaries, the consolidated VIEs and their subsidiaries are restricted in their ability to transfer a portion of their net assets to the Nevada holding company. As of December 31, 2025 and December 31, 2024, net assets restricted in the aggregate, that are included in the Company’s consolidated net assets, were approximately US$13.11 million and US$13.23 million, respectively. Appropriations to the enterprise expansion fund and staff welfare and bonus fund of a foreign-invested PRC entity and appropriation to the discretionary surplus reserve of other PRC entities are at the discretion of the board of directors. To date, none of the Company’s PRC subsidiaries, the consolidated VIEs and their subsidiaries appropriated any of these non-mandatory funds and reserves. Furthermore, if these entities incur debt on their own in the future, the instruments governing the debt may restrict their ability to pay dividends or make other payments.

Under the PRC Enterprise Income Tax (“EIT”) Law and related regulations, dividends, interests, rent or royalties payable by a foreign-invested enterprise to its immediate holding company outside China are subject to a 10% withholding tax. A lower withholding tax rate will be applied if there is a tax treaty arrangement between mainland China and the jurisdiction of the foreign holding company. Hong Kong has a tax arrangement with mainland China that provides for a 5% withholding tax on dividends subject to certain conditions and requirements, such as the requirements that the Hong Kong enterprise owns at least 25% of the PRC enterprise distributing the dividend at all times within the 12-month period immediately preceding the distribution of dividends and provides that the recipient can demonstrate it is a Hong Kong tax resident and it is the beneficial owner of the dividends. The PRC government adopted regulations in 2018 which stipulate that in determining whether a non-resident enterprise has the status as a beneficial owner, comprehensive analysis shall be conducted based on the factors listed therein and the actual circumstances of the specific case shall be taken into consideration. Specifically, it expressly excludes an agent or a designated payee from being considered as a “beneficial owner”. The Company owns its PRC subsidiaries through China Net HK. China Net HK currently does not hold a Hong Kong tax resident certificate from the Inland Revenue Department of Hong Kong, there is no assurance that the reduced withholding tax rate will be available for the Company. If China Net HK is not considered to be the “beneficial owner” of the dividends by the Chinese local tax authority, any dividends paid to it by the Company’s PRC subsidiaries would be subject to a withholding tax rate of 10%.

There are no restrictions for the consolidated VIEs to settle the amounts owed under the VIE agreements to Rise King WFOE. However, arrangements and transactions among affiliated entities may be subject to audit or challenge by the PRC tax authorities. If at any time the VIE agreements and the related fee structure between the consolidated VIEs and Rise King WFOE is determined to be non-substantive and disallowed by Chinese tax authorities, the consolidated VIEs could, as a matter of last resort, make a non-deductible transfer to Rise King WFOE for the amounts owed under the VIE agreements. This would result in such transfer being non-deductible expenses for the consolidated VIEs but still taxable income for Rise King WFOE. If this happens, it may increase the Company’s tax burden and reduce its after-tax income in the PRC, and may materially and adversely affect its ability to make distributions to the holding company. The Company’s management is of the view that the likelihood that this scenario would happen is remote.

The Company’s PRC subsidiaries generate all of their revenue in Renminbi, Renminbi is not freely convertible into other currencies. As a result, any restriction on currency exchange may limit the ability of the Company’s PRC subsidiaries to pay dividends/make distributions to the Company. The Chinese government imposes controls on the convertibility of Renminbi into foreign currencies and, in certain cases, the remittance of currency out of China. Shortages in availability of foreign currency may then restrict the ability of the Company’s PRC subsidiaries to remit sufficient foreign currency to the Nevada holding company for the holding company to pay dividends to the U.S. investors. Renminbi is currently convertible under the “current account,” which includes dividends, trade and service-related foreign exchange transactions, but not under the “capital account,” which includes foreign direct investment and foreign debt. Currently, the Company’s PRC subsidiaries may purchase foreign currency for settlement of current account transactions, including payment of dividends to the Nevada holding company, without the approval of the State Administration of Foreign Exchange of China (the “SAFE”) by complying with certain procedural requirements. However, the relevant Chinese governmental authorities may limit or eliminate the Company’s ability to purchase foreign currencies in the future for current account transactions. The Chinese government may continue to strengthen its capital controls, and additional restrictions and substantial vetting processes may be instituted by the SAFE for cross-border transactions falling under both the current account and the capital account. Any existing and future restrictions on currency exchange may limit the Company’s ability to utilize revenue generated in Renminbi to pay dividends in foreign currencies to holders of the Company’s securities. Foreign exchange transactions under the capital account remain subject to limitations and require approvals from, or registration with, the SAFE and other relevant Chinese governmental authorities. This could affect the Company’s ability to obtain foreign currency through debt or equity financing for its PRC subsidiaries.

To date, none of the Company’s subsidiaries has made any distribution of earnings or issued any dividends to their respective shareholder in or outside of China, or to the Nevada holding company, and the Nevada holding company has never declared or paid any cash dividends to U.S. investors.

The Company does not have any present plan to make any distribution of earnings/issue any dividends directly or indirectly to its Nevada holding company or pay any cash dividends on its common stock in the foreseeable future, because the Company currently intend to retain most, if not all, of its available funds and any future earnings to operate and expand the Company’s business.

Note 19 - Concentration of Risk (Details Textual) - Geographic Concentration Risk [Member] - Cash and Cash Equivalents [Member]	12 Months Ended
	Dec. 31, 2025
UNITED STATES
Concentration Risk, Percentage	18.00%
CHINA
Concentration Risk, Percentage	82.00%

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

Note 4 - Summary of Significant Accounting Policies - Schedule of Asset Acquisition (Details) - Rahula Group Acquisition [Member]
$ in Thousands

Mar. 07, 2025

USD ($)

Intangible asset acquired (a)

$ 707

^[1]

Deferred tax liability generated from the Rahula asset

(107)

Asset Acquisition, Consideration Transferred

$ 600

[1]	This intangible asset balance will be amortized over the remaining useful life of 3 years as of the March 7, 2025 acquisition date.

Note 6 - Prepayment and Deposit to Suppliers - Prepayments and Deposit to Suppliers (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Prepayment and deposit to suppliers	$ 5,211	$ 4,508
Deposits to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers	529	612
Prepayment to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers	4,257	2,996
Deposits and Prepayments for Potential Investing Contracts [Member]
Prepayment and deposit to suppliers	0	152
Other Deposits and Prepayments [Member]
Prepayment and deposit to suppliers	$ 425	$ 748

Note 12 - Taxation

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Income Tax Disclosure [Text Block]

12.

Taxation

Income tax

The entities within the Company file separate tax returns in the respective tax jurisdictions in which they operate.

i). a. The Company is incorporated in the state of Nevada. Under the current law of Nevada, the Company is not subject to state corporate income tax. Following the Share Exchange, the Company became a holding company and does not conduct any substantial operations of its own. Before enactment of the Tax Cuts and Jobs Act (“TCJA” or the “Act”) in December 2017, the Company did not provide for U.S. taxes or foreign withholding taxes on undistributed earnings from its non-U.S. subsidiaries because such earnings are intended to be reinvested indefinitely. On December 22, 2017, the U.S. enacted the Act (which is commonly referred to as “U.S. tax reform”). The Act significantly changes U.S. corporate income tax laws including but not limited to reducing the U.S. corporate income tax rate from 35% to 21% beginning in 2018, imposing a one-time mandatory tax on previously deferred foreign earnings and imposing a new tax on global intangible low-taxed income (“GILTI”) effective for tax years of non-U.S. corporations beginning after December 31, 2017.

i). b. Effective from January 1, 2018, the Company is subject to the new GILTI tax rules. The GILTI provisions impose a tax on foreign income in excess of a deemed return on tangible assets of controlled foreign corporations (“CFCs”), subject to the possible use of foreign tax credits and a deduction equal to 50 percent to offset the income tax liability, subject to some limitations. Under U.S. GAAP, the Company has made an accounting policy choice of treating taxes due on future U.S. inclusions in taxable income related to GILTI as a current period expense when incurred (the “period cost method”), instead of factoring such amounts into the Company’s measurement of its deferred taxes (the “deferred method”). For the years ended December 31, 2025 and 2024, no provision for federal corporate income tax has been made in the financial statements as the Company has no aggregated positive tested income.

ii). Under the current law of the BVI, the Company’s subsidiaries being incorporate in the BVI are not subject to tax on income or capital gains. Additionally, upon payments of dividends by these BVI companies to its respective shareholders, no BVI withholding tax will be imposed.

iii). The Company’s subsidiaries being incorporated in Hong Kong are governed by the Hong Kong Inland Revenue Ordinance (the “HK tax laws”). Effective from April 1, 2018, a two-tier corporate income tax system was officially implemented in Hong Kong. The applicable income tax rate is 8.25% for the first HK$2.0 million profits, and the subsequent profits are taxed at 16.5%. Additionally, upon payments of dividends by these Hong Kong subsidiaries to its shareholders, no Hong Kong withholding tax will be imposed.

iv). The Company’s operating subsidiaries and VIEs, being incorporated in the PRC, are governed by the income tax law of the PRC and is subject to PRC enterprise income tax (“EIT”). The EIT rate of PRC is 25%, which applies to both domestic and foreign invested enterprises.

●

The applicable EIT rate for all the Company’s PRC operating entities is 25% for both the years ended December 31, 2025 and 2024.

●

Business Opportunity Online’s qualification as a High and New Technology Enterprise expired in November 2021, as a result, the applicable EIT rates of Business Opportunity Online had changed from 15% to 25% since the year ended December 31, 2021, and its net operating losses (NOLs) carryforward period changed to 5 years from 10 years for a High and New Technology Enterprise. The effect on deferred taxes of such changes was recognized in the statement of operations and comprehensive loss for the year ended December 31, 2021.

●

Under the current PRC EIT law and related regulations, dividends, interests, rent or royalties payable by a foreign-invested enterprise to its immediate holding company outside China are subject to a 10% withholding tax. A lower withholding tax rate will be applied if there is a tax treaty arrangement between mainland China and the jurisdiction of the foreign holding company, subject to certain conditions and requirements.

Turnover taxes and the relevant surcharges

Service revenues generated by the Company’s PRC operating subsidiaries and VIEs are subject to Value Added Tax (“VAT”). VAT rate for provision of modern services (other than lease of corporeal movables) is 6%, and for small scale taxpayer, 3%. Therefore, for the years ended December 31, 2025 and 2024, the Company’s service revenues generated in the PRC are subject to VAT at a rate of 6%, after deducting the VAT paid for the resources and services purchased from suppliers, or at a rate of 3% without any deduction of VAT paid for the resources and services purchased from suppliers. The surcharges of the VAT in the aggregate is 12% of the VAT.

As of December 31, 2025, and 2024, taxes payable consists of:

	As of December 31,
	2025		2024
	US$(’000)		US$(’000)

Turnover tax and surcharge payable		1,276		1,247
Enterprise income tax payable		1,973		1,905
Taxes payable		3,249		3,152

A reconciliation of the income tax benefit determined at the U.S. federal corporate income tax rate to the Company’s effective income tax benefit/(expense) is as follows:

	Year Ended December 31,
	2025					2024
	US$(’000)					US$(’000)

Pre-tax loss		(1,770	)				(3,370	)
Income tax benefit computed at U.S. federal rate		372		21.0	%		708		21.0	%
Reconciling items:
Rate differential for foreign earnings		(9	)	-0.5	%		110		3.3	%
(Provision for) / reversal of valuation allowance on deferred tax assets		117		6.6	%		(888	)	-26.4	%
Expired tax attribute carryforwards		(513	)	-29.0	%		(323	)	-9.6	%
Tax effect on other (non-deductible expenses)/non-taxable income		32		1.80	%		(6	)	-0.2	%
Effective income tax benefit/(expense)		(1	)	-0.1	%		(399	)	-11.9	%

For the years ended December 31, 2025 and 2024, the Company’s income tax (benefit)/expense consisted of:

	Year Ended December 31,
	2025			2024
	US$(’000)			US$(’000)

Current		-			-
Deferred		(1	)		(399	)
Income tax benefit/(expense)		(1	)		(399	)

The Company’s deferred tax assets at December 31, 2025 and 2024 were as follows:

	As of December 31,
	2025			2024
	US$(’000)			US$(’000)

Tax effect of net operating losses carried forward		10,853			11,035
Operating lease cost		-			-
Impairment on long-term investments		105			104
Impairment on intangible assets		571			570
Bad debts provision		1,569			1,427
Valuation allowance		(13,098	)		(13,136	)
Deferred tax assets, net		-			-

The U.S. holding company has incurred aggregate net operating losses (NOLs) of approximately US$35.24 million and US$34.18 million at December 31, 2025 and 2024, respectively. The NOLs carryforwards as of December 31, 2017 gradually expire over time, the last of which expires in 2037. NOLs incurred after December 31, 2017 will no longer be available to carry back but can be carried forward indefinitely. Furthermore, the Act imposes an annual limit of 80% on the amount of taxable income that can be offset by NOLs arising in tax years ending after December 31, 2017. The Company maintains a full valuation allowance against its net U.S. deferred tax assets, since due to uncertainties surrounding future utilization, the Company estimates there will not be sufficient future earnings to utilize its U.S. deferred tax assets.

The NOLs carried forward incurred by the Company’s PRC subsidiaries and VIEs were approximately US$8.99 million and US$10.87 million at December 31, 2025 and 2024, respectively. The losses carryforwards gradually expire over time, the last of which expires in 2027. The related deferred tax assets were calculated based on the respective net operating losses incurred by each of the PRC subsidiaries and VIEs and the respective corresponding enacted tax rate that will be in effect in the period in which the losses are expected to be utilized.

The Company recorded approximately US$13.10 million and US$13.14 million valuation allowance as of December 31, 2025 and 2024, respectively, because it is considered more likely than not that a portion of the deferred tax assets will not be realized through sufficient future earnings of the entities to which the operating losses related.

For the years ended December 31, 2025 and 2024, total net deferred tax assets valuation allowance reversed was approximately US$0.12 million and total deferred tax assets valuation allowance provided was approximately US$$0.89 million, respectively.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Note 22 - Loss Per Share (Details Textual)		12 Months Ended
Note 22 - Loss Per Share (Details Textual)	Sep. 30, 2024	Dec. 31, 2025
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	4	4

Note 4 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Foreign Currency Exchange Rates [Table Text Block]

	Year Ended December 31,
	2025	2024
Items in the statements of operations and comprehensive loss	7.1429	7.1217

Property, Plant and Equipment, Useful Life [Table Text Block]

Leasehold improvements	3 years
Vehicles	5 years
Office equipment	3-5 years
Electronic devices	5 years

Disaggregation of Revenue [Table Text Block]

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)
Internet advertising and related service
--distribution of the right to use search engine marketing service		50		9,909
--Internet advertising and related data service		3,688		4,780
IP Services		260		-
Blockchain-based SaaS services		616		750
Total revenues	$	4,614	$	15,439

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)

Revenue recognized over time		310		9,909
Revenue recognized at a point in time		4,304		5,530
Total revenues	$	4,614	$	15,439

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

	Contract liabilities
	US$(’000)

Balance as of January 1, 2024		843
Exchange translation adjustment		(13	)
Revenue recognized from beginning contract liability balance		(527	)
Advances received from customers related to unsatisfied performance obligations		186
Balance as of December 31, 2024		489
Exchange translation adjustment		11
Revenue recognized from beginning contract liability balance		(39	)
Advances received from customers related to unsatisfied performance obligations		61
Balance as of December 31, 2025		522

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

	Operating leases
	US$(’000)
Year ending December 31,
-2026		51
Total undiscounted lease payments		51
Less: imputed interest		(2	)
Operating lease liabilities as of December 31, 2025	$	49

Including:
Operating lease liabilities		49
Operating lease liabilities-Non current		-
	$	49

Lease, Cost [Table Text Block]

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)

Long-term operating lease contracts		50		22
Short-term operating lease contracts		5		34
Total		55		56

	Year Ended December 31,
	2025			2024

Operating cash flows used for operating leases (US$’000)		53			25
Right-of-use assets obtained in exchange for new lease liabilities (US$’000)		87			-
Weighted-average remaining lease term (years)		-			-
Weighted-average discount rate		6	%		6	%

Asset Acquisition [Table Text Block]

	As of March 7, 2025
	US$(’000)
	(Unaudited)
Rahula Group intangible asset recorded on acquisition date:
Intangible asset acquired (a)		707
Deferred tax liability generated from the Rahula asset		(107	)
Total consideration paid		600

Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)
	(Unaudited)		(Unaudited)
*Credit loss for accounts receivable:*

Balance as of beginning of the period		4,817		3,987
Provision for/(reverse of) credit loss during the period		217		892
Exchange translation adjustments		103		(62	)
Balance as of end of the period		5,137		4,817

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)
	(Unaudited)		(Unaudited)
*Credit loss for other current assets:*

Balance as of beginning of the period		1,513		1,559
Provision for/(reverse of) for credit loss during the period		476		(46	)
Written off during the period		-		-
Exchange translation adjustments		-		-
Balance as of end of the period		1,989		1,513

Note 5 - Accounts Receivable, Net (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Accounts Receivable, Allowance for Credit Loss, Current	$ 5,137	$ 4,817
Accounts Receivable, Allowance for Credit Loss	217	892
Internet Advertising and TV Advertising [Member]
Accounts Receivable, Allowance for Credit Loss, Current	$ 5,140	4,820
Number of Months Past Due (Year)	6 years
Accounts Receivable, Allowance for Credit Loss	$ 220	$ 890

Note 21 - Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Internet Ad. and data service		IP Services		Blockchain technology		Corporate			Inter- segment and reconciling item			Total
	US$(’000)		US$(’000)		US$(’000)		US$(’000)			US$(’000)			US$(’000)

Revenues		3,738		260		616		-			-			4,614
Cost of revenues		3,510		191		560		-			-			4,261
Total operating expenses		126		-		-		2,180	⁽¹⁾		-			2,306
Depreciation and amortization expenses included in cost of revenues and operating expenses		21		191		-		20			-			232
Impairment on intangible assets included in operating expenses		-		-		-		-			-			-
Loss from operations		102		69		56		(2,180	)		-			(1,953	)

Impairment on long-term investments		-		-		-		-			-			-

Gain on disposal of subsidiaries		-		-		-		-			-			-

Net loss		97		69		56		(1,993	)		-			(1,771	)

Total assets-December 31, 2025		8,553		516		55		34,324			(33,770	)		9,678

	Internet Ad. and data service			IP Services		Blockchain technology			Corporate⁽²⁾			Inter- segment and reconciling item			Total
	US$(’000)			US$(’000)		US$(’000)			US$(’000)			US$(’000)			US$(’000)

Revenues		14,689			-		750						-			15,439
Cost of revenues		14,152			-		841						-			14,993
Total operating expenses		1,727			-		-			2,476	⁽¹⁾		-			4,203
Depreciation and amortization expenses included in cost of revenues and operating expenses		29			-		841			67			-			937
Impairment on intangible assets included in operating expenses		-			-		-			-			-			-
Loss from operations		(1,190	)		-		(91	)		(2,476	)		-			(3,757	)

Impairment on long-term investments		-			-		-			(2	)		-			(2	)

Gain on disposal of subsidiaries		22			-		-			1			-			23

Net loss		(1,491	)		-		(91	)		(2,187	)		-			(3,769	)

Total assets-December 31, 2024		7,627			-		-			34,405			(32,346	)		9,686

Note 5 - Accounts Receivable, Net

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Accounts Receivable Disclosure [Text Block]

5.	Accounts receivable, net

	As of December 31,
	2025			2024
	US$(’000)			US$(’000)

Accounts receivable		5,682			6,431
Allowance for doubtful accounts		(5,137	)		(4,817	)
Accounts receivable, net		545			1,614

All of the accounts receivable are non-interest bearing. Based on the assessment of the collectability of the accounts receivable as of December 31, 2025 and 2024, the Company provided approximately US$5.14 million and US$4.82 million allowance for doubtful accounts, respectively, which were primarily related to the accounts receivable of the Company’s Internet advertising and related services business segment with an aging over six months. The Company evaluates its accounts receivable with an aging over six months and determines the allowance based on aging data, historical collection experience, customer specific facts and economic conditions. During the years ended December 31, 2025 and 2024, approximately US$0.22 million and US$0.89 million allowance for doubtful accounts was provided, respectively.

Note 9 - Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Property and Equipment [Table Text Block]

	As of December 31,
	2025			2024
	US$(’000)			US$(’000)

Vehicles		452			442
Office equipment		879			834
Electronic devices		575			562
Leasehold improvement		39			-
Property and equipment, cost		1,945			1,838
Less: accumulated depreciation		(1,803	)		(1,722	)
Property and equipment, net		142			116

Note 4 - Summary of Significant Accounting Policies - Contract liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Balance	$ 489	$ 843
Exchange translation adjustment	11	(13)
Revenue recognized from beginning contract liability balance	(39)	(527)
Advances received from customers related to unsatisfied performance obligations	61	186
Balance	$ 522	$ 489

Note 2 - Variable Interest Entities - Consolidated VIEs' Assets and Liabilities (Details) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Cash and cash equivalents

$ 970

$ 812

Accounts receivable, net

545

1,614

Prepayment and deposit to suppliers

5,211

4,508

Other current assets

830

2,239

Total current assets

7,556

9,173

Property and equipment, net

142

116

Total Assets

9,678

9,686

Accounts payable

^[1]

169

Advances from customers

^[1]

522

489

Accrued payroll and other accruals

^[1]

517

557

Taxes payable

^[1]

3,249

3,152

Operating lease liabilities

^[1]

Lease payment liabilities related to short-term leases

Other current liabilities

^[1]

566

480

Total current liabilities

5,072

5,846

Operating lease liabilities-Non current

Total Liabilities

5,275

5,968

Variable Interest Entity, Primary Beneficiary [Member]

Cash and cash equivalents

Prepayment and deposit to suppliers

1,073

1,189

Other current assets

Total current assets

1,088

1,249

Property and equipment, net

Deferred tax assets

Total Assets

1,154

1,334

Accounts payable

Advances from customers

461

489

Accrued payroll and other accruals

Taxes payable

2,578

2,521

Operating lease liabilities

Lease payment liabilities related to short-term leases

Other current liabilities

624

546

Total current liabilities

3,784

3,663

Operating lease liabilities-Non current

Total Liabilities

3,784

3,663

Variable Interest Entity, Primary Beneficiary [Member] | Nonrelated Party [Member]

Accounts receivable, net

$ 0

$ 34

[1]	Liabilities recognized as a result of consolidating the VIEs do not represent additional claims on the Company’s general assets (Note 2).

Note 4 - Summary of Significant Accounting Policies - Exchange Rates Used to Translate Amounts in RMB Into US (Details)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Balance sheet items, except for equity accounts	7.0288	7.1884
Items in the statements of operations and comprehensive loss	7.1429	7.1217

Note 23 - Share-based Compensation Expenses (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)

Sales and marketing expenses		-		-
General and administrative expenses		345		684
Research and development expenses		-		-
Total		345		684

Note 4 - Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Significant Accounting Policies [Text Block]

4.	Summary of significant accounting policies

a)	Basis of presentation

The consolidated financial statements are prepared and presented in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”).

b)	Principles of consolidation

c)	Use of estimates

d)	Foreign currency translation and transactions

The exchange rates used to translate amounts in RMB into US$ for the purposes of preparing the consolidated financial statements are as follows:

	Year Ended December 31,
	2025	2024
Items in the statements of operations and comprehensive loss	7.1429	7.1217

No representation is made that the RMB amounts could have been or could be converted into US$ at the above rates.

e)	Cash and cash equivalents

For the years ended December 31, 2025 and 2024, the Company’s PRC subsidiaries, the VIEs, and VIE’s subsidiaries did not transfer any cash outside of the PRC.

f)	Accounts receivable, net

g)	Long-term investments

h)	Property and equipment, net

Leasehold improvements	3 years
Vehicles	5 years
Office equipment	3-5 years
Electronic devices	5 years

i)	Intangible assets, net

j)	Impairment of long-lived assets

For the year ended December 31, 2025 and 2024, the Company recorded no impairment loss associated with its intangible assets.

k)	Fair value

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter.

l)	Reverse stock split

m)	Revenue recognition

The Company’s contract with customers do not include significant financing component and any variable consideration.

Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from customers was insignificant for both the years ended December 31, 2025 and 2024.

Distribution of the right to use search engine marketing service

Internet advertising and related marketing service

IP Services

Blockchain-based SaaS services

The following tables present the Company’s revenues disaggregated by products and services and timing of revenue recognition:

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)
Internet advertising and related service
--distribution of the right to use search engine marketing service		50		9,909
--Internet advertising and related data service		3,688		4,780
IP Services		260		-
Blockchain-based SaaS services		616		750
Total revenues	$	4,614	$	15,439

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)

Revenue recognized over time		310		9,909
Revenue recognized at a point in time		4,304		5,530
Total revenues	$	4,614	$	15,439

Contract costs

Contract balances

	Contract liabilities
	US$(’000)

Balance as of January 1, 2024		843
Exchange translation adjustment		(13	)
Revenue recognized from beginning contract liability balance		(527	)
Advances received from customers related to unsatisfied performance obligations		186
Balance as of December 31, 2024		489
Exchange translation adjustment		11
Revenue recognized from beginning contract liability balance		(39	)
Advances received from customers related to unsatisfied performance obligations		61
Balance as of December 31, 2025		522

For the years ended December 31, 2025 and 2024, there is no revenue recognized from performance obligations that were satisfied in prior periods.

Transaction price allocated to remaining performance obligation

n)	Cost of revenues

o)	Research and development expenses

Lease

The Company’s office lease contracts do not contain any nonlease component and are classified as operating leases in accordance with ASC Topic 842-10-25-3.

Maturity of operating lease liabilities

As of December 31, 2025, operating lease right-of-use assets and total operating lease liabilities recognized was approximately US$0.05 million and US$0.05 million, respectively.

As of December 31, 2024, we did not recognize any operating lease right-of-use assets and operating lease liabilities.

Maturity of operating lease liabilities

	Operating leases
	US$(’000)
Year ending December 31,
-2026		51
Total undiscounted lease payments		51
Less: imputed interest		(2	)
Operating lease liabilities as of December 31, 2025	$	49

Including:
Operating lease liabilities		49
Operating lease liabilities-Non current		-
	$	49

Operating lease expenses:

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)

Long-term operating lease contracts		50		22
Short-term operating lease contracts		5		34
Total		55		56

Supplemental information related to operating leases:

	Year Ended December 31,
	2025			2024

Operating cash flows used for operating leases (US$’000)		53			25
Right-of-use assets obtained in exchange for new lease liabilities (US$’000)		87			-
Weighted-average remaining lease term (years)		-			-
Weighted-average discount rate		6	%		6	%

q)	Income taxes

r)	Uncertain tax positions

s)	Retirement Plan Costs

t)	Share-based payment transactions

u)	Comprehensive income (loss)

v)	Earnings (loss) per share

w)	Asset acquisition of Rahula Group

Acquisition of Rahula Digital Media (HK) Limited.

The Company determined this transaction represented an asset acquisition as substantially all of the value was in the intellectual property intangible assets of Rahula Group.

	As of March 7, 2025
	US$(’000)
	(Unaudited)
Rahula Group intangible asset recorded on acquisition date:
Intangible asset acquired (a)		707
Deferred tax liability generated from the Rahula asset		(107	)
Total consideration paid		600

(a)

This intangible asset balance will be amortized over the remaining useful life of 3 years as of the March 7, 2025 acquisition date.

x)	Commitments and contingencies

y)	Current expected credit losses

The following tables summarized the movements of the Company’s credit losses as of December 31, 2025 and 2024, respectively:

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)
	(Unaudited)		(Unaudited)
*Credit loss for accounts receivable:*

Balance as of beginning of the period		4,817		3,987
Provision for/(reverse of) credit loss during the period		217		892
Exchange translation adjustments		103		(62	)
Balance as of end of the period		5,137		4,817

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)
	(Unaudited)		(Unaudited)
*Credit loss for other current assets:*

Balance as of beginning of the period		1,513		1,559
Provision for/(reverse of) for credit loss during the period		476		(46	)
Written off during the period		-		-
Exchange translation adjustments		-		-
Balance as of end of the period		1,989		1,513

Note 19 - Concentration of Risk - Company's Concentration of Customers and Suppliers (Details)

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer A [Member]

Concentration Risk, Percentage

39.00%

0.00%

Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer B [Member]

Concentration Risk, Percentage

21.00%

0.00%

Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer C [Member]

Concentration Risk, Percentage

20.00%

0.00%

Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer D [Member]

Concentration Risk, Percentage

13.00%

0.00%

Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer E [Member]

Concentration Risk, Percentage

0.00%

12.00%

Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer F [Member]

Concentration Risk, Percentage

0.00%

^[1]

Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Supplier A [Member]

Concentration Risk, Percentage

41.00%

22.00%

Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Supplier B [Member]

Concentration Risk, Percentage

40.00%

0.00%

Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Supplier C [Member]

Concentration Risk, Percentage

13.00%

0.00%

Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Supplier D [Member]

Concentration Risk, Percentage

0.00%

29.00%

Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Supplier E [Member]

Concentration Risk, Percentage

0.00%

10.00%

Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer A [Member]

Concentration Risk, Percentage

0.00%

Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer B [Member]

Concentration Risk, Percentage

0.00%

Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer C [Member]

Concentration Risk, Percentage

78.00%

0.00%

Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer D [Member]

Concentration Risk, Percentage

0.00%

Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer E [Member]

Concentration Risk, Percentage

0.00%

42.00%

Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer F [Member]

Concentration Risk, Percentage

22.00%

56.00%

[1]	Less than 10%.

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2025	Mar. 31, 2026	Jun. 30, 2025
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
Document Transition Report	false
Entity File Number	001-34647
Entity Registrant Name	ZW DATA ACTION TECHNOLOGIES INC.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	20-4672080
Entity Address, Address Line One	8/F. 29 Des Voeux Road Central, Central
Entity Address, City or Town	Hong Kong
Entity Address, Country	CN
City Area Code	852
Local Phone Number	2669-8078
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	CNET
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 3,408,609
Entity Common Stock, Shares Outstanding (in shares)		3,268,429
Auditor Name	ARK Pro CPA & Co
Auditor Location	Hong Kong, China
Auditor Firm ID	3299
Entity Central Index Key	0001376321
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Amendment Flag	false

Note 19 - Concentration of Risk (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

	Customer A	Customer B	Customer C	Customer D	Customer E	Customer F
Year Ended December 31, 2025
Revenues, customer concentration risk	39%	21%	20%	13%	-	-

Year Ended December 31, 2024
Revenues, customer concentration risk	-	-	*	-	12%	*

As of December 31, 2025
Accounts receivable, customer concentration risk	-	-	78%	-	-	22%

As of December 31, 2024
Accounts receivable, customer concentration risk	-	-	-	-	42%	56%

	Supplier A	Supplier B	Supplier C	Supplier D	Supplier E
Year Ended December 31, 2025
Cost of revenues, supplier concentration risk	41%	40%	13%	-	-

Year Ended December 31, 2024
Cost of revenues, supplier concentration risk	22%	-	-	29%	10%

Note 7 - Other Current Assets, Net

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Other Current Assets [Text Block]

7.	Other current assets, net

	December 31, 2025			December 31, 2024
	US$(’000)			US$(’000)

Short-term loans to unrelated parties		2,653			3,606
Short-term loans interest receivables		160			138
Staff advances for business operations		6			8
Total other current assets		2,819			3,752
Allowance for doubtful accounts		(1,989	)		(1,513	)
Other current assets, net		830			2,239

As of December 31, 2025, the Company provided unsecured, interest-bearing short-term loans to two unrelated parties, which were set forth as below. These short-term loans were recorded as other current assets.

On January 5, 2022, the Company provided a short-term working capital loan of US$2.5 million to an unrelated party, which matured on May 5, 2022. The loan was unsecured and borne a fixed annualized interest rate of 7.5%. In April 2022, as agreed by both parties, the unrelated party repaid a portion of the loan principal of US$1.02 million, together with a loan interest of US0.06 million for the period from January 5, 2022 through April 30, 2022, based on the loan principal of US$2.5 million. The Company extended the term of the remaining loan principal of US$1.48 million to April 30, 2023 with a revised fixed annualized interest rate of 5%. In October 2022 and February 2023, the Company received loan interests of US$0.05 million in the aggregate for the period from May 1, 2022 through December 31, 2022. On April 30, 2023, the Company further extended the term of this loan to October 31, 2023. In May 2023, the Company received a loan interest of US$0.02 million for the period from January 1, 2023 through April 30, 2023. In July 2023, the Company received a loan interest of US$0.02 million for the period from May 1, 2023 through July 31, 2023. On October 31, 2023, the Company agreed to further extend the term of this loan to September 30, 2024. On May 29, 2024, the Company received payment of approximately US$0.13 million, of which approximately US$0.06 million settled outstanding interest and approximately US$0.07 million settled the loan principal. On September 30, 2024, the Company agreed to further extend the term of this loan to March 31, 2025. On March 17, 2025, the Company received payment of approximately US$0.35 million, of which approximately US$0.06 million settled outstanding interest and approximately US$0.29 million settled the loan principal. On March 27, 2025, the Company received payment of approximately US$0.21 million, of which approximately US$0.002 settled outstanding interest and approximately US$0.21 million settled the loan principal. On March 31, 2025, the Company agreed to further extend the term of this loan to March 31, 2026.

On January 11, 2023, the Company provided a short-term loan of US$2.0 million to another unrelated party. The loan is unsecured and bears a fixed annualized interest rate of 12%. The original maturity date of this loan was July 17, 2023. On July 1, 2023, the Company extended the term of this loan for a six-month period to January 18, 2024. Subsequently, on January 8, 2024, the Company further agreed to extend the term of the loan to January 18, 2025. And on January 9, 2025, the Company agreed to extend the loan to January 18, 2026. For the year ended December 31, 2024, the Company received payment of US$0.77 million, of which approximately US$0.35 million settled outstanding interest and approximately US$0.42 million settled the loan principal. On January 27, 2025, the Company received payment of approximately US$0.57 million, of which approximately US$0.11 million settled outstanding interest and US$0.46 million settled the loan principal. On January 9, 2026, the Company agreed to extend the loan to January 18, 2027. On March 26, 2026, the Company received payment of approximately US$0.05 million to settle outstanding interest.

The Company evaluates its short-term loans provided to unrelated parties for expected credit losses on a regular basis, and maintains an estimated allowance for credit losses to reduce its short-term loans to the amount that it believes will be collected. The Company evaluates its short-term loans on an individual basis and determines the allowance for credit loss based on creditworthiness of the borrowers, aging information, past transaction history with the borrowers and their current condition, as well as the current economic conditions and reasonable and supportable forecasts of future economic conditions. For the year ended December 31, 2025 and 2024, the Company provided US$0.48 million and reversed US$0.05 million credit losses on short-term loans provided to unrelated parties, respectively.

As of December 31, 2025, other current assets also included a US$0.62 million remaining outstanding balance of a short-term loan that the Company provided to an unrelated party, Digital Sun Ventures Limited, a Hong Kong-based company (“Digital Sun”). In March 2021, the Company and Digital Sun reached an oral agreement, pursuant to which the Company provided a short-term loan of US$1.65 million to Digital Sun. The loan has a one-year term. The loan is unsecured, interest free and is required to be repaid in lump sum at maturity by March 2022. The Company provided this unsecured and interest free loan to Digital Sun in consideration of the promises and claims made by Digital Sun’s management that Digital Sun has close connections with international well-known media companies seeking for strategic cooperation partners in China, and Digital Sun will facilitate building strategic business partnerships among the Company and these media companies. As of March 31, 2022, Digital Sun had repaid US$1.03 million of this loan and defaults on the loan balance of US$0.62 million. The Company attempted to collect the outstanding loan balance. In June 2022, the Company fully allowanced the outstanding loan balance of US$0.62 million based on the Company’s assessment of the collectability of this outstanding balance. The Company had engaged a law firm and prepared and sent a legal letter to Digital Sun in March 2023, and the Company intends to take further actions to safeguard its rights against the default, including but not limited to, arranging meetings with the management of Digital Sun to negotiate the repayment plan in person and filing a lawsuit against Digital Sun after all other means of collection have been exhausted. As of the date hereof, the Company has not received any formal responses from Digital Sun.

Note 12 - Taxation - Deferred Tax Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Tax effect of net operating losses carried forward	$ 10,853	$ 11,035
Operating lease cost	0	0
Impairment on long-term investments	105	104
Impairment on intangible assets	571	570
Bad debts provision	1,569	1,427
Valuation allowance	(13,098)	(13,136)
Deferred tax assets, net	$ 0	$ 0

Note 22 - Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Year Ended December 31,
	2025			2024
	US$(’000)			US$(’000)

Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share)	$	(1,770	)	$	(3,761	)

Weighted average number of common shares outstanding – Basic and diluted **		2,655,963			2,021,492

Loss per share -Basic and diluted **	$	(0.67	)	$	(1.86	)

Note 11 - Accrued Payroll and Other Accruals

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

11.

Accrued payroll and other accruals

	As of December 31,
	2025		2024
	US$(’000)		US$(’000)

Accrued payroll and staff welfare		80		71
Accrued operating expenses		437		486
		517		557

Note 7 - Other Current Assets, Net (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Other Current Assets [Table Text Block]

	December 31, 2025			December 31, 2024
	US$(’000)			US$(’000)

Short-term loans to unrelated parties		2,653			3,606
Short-term loans interest receivables		160			138
Staff advances for business operations		6			8
Total other current assets		2,819			3,752
Allowance for doubtful accounts		(1,989	)		(1,513	)
Other current assets, net		830			2,239

Note 10 - Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Finite and Indefinite-Lived Intangible Assets [Table Text Block]

	As of December 31, 2025
Items	Gross Carrying Value		Accumulated Amortization			Impairment			Net Carrying Value
	US$(’000)		US$(’000)			US$(’000)			US$(’000)
Intangible assets subject to amortization:
--10 years life:
Cloud compute software technology		1,321		(916	)		(405	)		-
Licensed products use right		1,204		(496	)		(708	)		-

--5 years life:
Internet Ad tracking system		1,160		(637	)		(523	)		-
Live streaming technology		1,500		(625	)		(875	)		-

--3 years life:
Rahula’s Intellectual Property		707		(192	)		-			515
Blockchain Integrated Framework		4,038		(3,028	)		(1,010	)		-
Bo!News application		341		(114	)		(227	)		-
Other computer software		111		(111	)		-			-
Total	$	10,382	$	(6,119	)	$	(3,748	)	$	515

	As of December 31, 2024
Items	Gross Carrying Value		Accumulated Amortization			Impairment			Net Carrying Value
	US$(’000)		US$(’000)			US$(’000)			US$(’000)
Intangible assets subject to amortization:
--10 years life:
Cloud compute software technology		1,291		(895	)		(396	)		-
Licensed products use right		1,204		(496	)		(708	)		-

--5 years life:
Internet Ad tracking system		1,160		(637	)		(523	)		-
Live streaming technology		1,500		(625	)		(875	)		-

--3 years life:
Blockchain Integrated Framework		4,038		(3,028	)		(1,010	)		-
Bo!News application		334		(111	)		(223	)		-
Other computer software		109		(109	)		-			-
Total	$	9,636	$	(5,901	)	$	(3,735	)	$	-

Note 21 - Segment Reporting (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Number of Reportable Segments	3
Share-Based Payment Arrangement, Expense	$ 345	$ 684

Note 8 - Long-term Investment

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Equity Method Investments and Joint Ventures Disclosure [Text Block]

8.	Long-term investment

	Amount
	US$(’000)

Balance as of January 1, 2024		794
Investments during the year		2
Disposed during the year		(397	)
Impairment losses provided during the year		(2	)
Balance as of December 31, 2024		397
Investments during the year		720
Disposed during the year		-
Impairment losses provided during the year		-
Balance as of December 31, 2025		1,117

As of December 31, 2025, except for long-term investments which were fully impaired, the Company beneficially owned a 7.69%, 9.9%, 9.9% and 19.6% equity interest in each New Business Holdings Limited (“New Business”), Hunan Yong Fu Xiang Health Management Co., Ltd (“Yong Fu Xiang”), Wuhan Ju Liang Media Co., Ltd. (“Wuhan Ju Liang”) and Titans Investment Asset Holdings Limited (“Titans”), respectively.

On September 17, 2025, CNET Technology, a wholly-owned subsidiary of ZW Data Action Technologies Inc. (the “Company”) in the British Virgin Islands, entered into a purchase agreement with B Ocean Capital Management Limited, a Cayman Islands company, and Oasis Management Consultant Limited, a Hong Kong company (collectively with B Ocean Capital Management Limited, the “Sellers”) and Titans Investment Asset Holdings Limited, a British Virgin Islands company (“Titans”), pursuant to which each Seller will sell its 9.80% equity interests in Titans (the “Titans Equity Interests”) to CNET Technology. In consideration for the Titans Equity Interests, CNET Technology shall pay to the Sellers totaling $300,000 in cash and cause the Company to issue 200,000 shares of common stock of the Company, having a total value of $420,000 and valued at $2.10 per share, to the Sellers. CNET Technology obtained the Titans Equity Interests on October 21, 2025. As of the date of this report, the Company has not yet issued the 200,000 shares of common stock to the Sellers. Titans is principally engaged in providing digital marketing and advertising services.

On May 27, 2024, the Company sold approximately 7.69% equity interest in New Business to an unrelated party at a total consideration of approximately US$0.40 million.

The Company measures each investment which does not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the Company.

For the year ended December 31, 2025 and 2024, the Company provided nil and approximately US$0.002 million in impairment loss against its long-term investments, respectively.

Note 19 - Concentration of Risk

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

19.

Concentration of risk

Credit risk

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, accounts receivable and short-term loans to unrelated parties. As of December 31, 2025, 18% of the Company’s cash and cash equivalents were held by financial institutions located in the United States of America, and the remaining 82% was held by major financial institutions located in the PRC. The Company believes that these financial institutions located in the PRC and the United States of America are of high credit quality. For accounts receivable and short-term loans to unrelated parties, the Company extends credit based on an evaluation of the customer’s or other parties’ financial condition, generally without requiring collateral or other security. In order to minimize the credit risk, the Company delegated a team responsible for credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover overdue debts. Further, the Company reviews the recoverable amount of each individual receivable at each balance sheet date to ensure that adequate allowances are made for doubtful accounts. In this regard, the Company considers that its credit risk for accounts receivable and short-term loans to unrelated parties are significantly reduced.

Concentration of customers

The following tables summarized the information about the Company’s concentration of customers for the years ended December 31, 2025 and 2024, respectively:

	Customer A	Customer B	Customer C	Customer D	Customer E	Customer F
Year Ended December 31, 2025
Revenues, customer concentration risk	39%	21%	20%	13%	-	-

Year Ended December 31, 2024
Revenues, customer concentration risk	-	-	*	-	12%	*

As of December 31, 2025
Accounts receivable, customer concentration risk	-	-	78%	-	-	22%

As of December 31, 2024
Accounts receivable, customer concentration risk	-	-	-	-	42%	56%

* Less than 10%.

- No transaction incurred for the reporting period/no balance existed as of the reporting date.

Concentration of suppliers

The following tables summarized the information about the Company’s concentration of suppliers for the years ended December 31, 2025 and 2024, respectively:

	Supplier A	Supplier B	Supplier C	Supplier D	Supplier E
Year Ended December 31, 2025
Cost of revenues, supplier concentration risk	41%	40%	13%	-	-

Year Ended December 31, 2024
Cost of revenues, supplier concentration risk	22%	-	-	29%	10%

* Less than 10%.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-21

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482836/275-10-55-3A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-2A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/275/tableOfContent

+ Details

Note 23 - Share-based Compensation Expenses (Details Textual) - USD ($) shares in Thousands, $ in Thousands	1 Months Ended		12 Months Ended
	Aug. 31, 2024	Aug. 30, 2024	Dec. 31, 2025	Dec. 31, 2024
Share-Based Payment Arrangement, Expense			$ 345	$ 684
Restricted Stock [Member] \| Business and Financial Consultants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		180
Share-Based Payment Arrangement, Expense			$ 350	230
The 2023 Omnibus Securities and Incentives Plan [Member] \| Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	190
Share-Based Payment Arrangement, Expense				$ 450

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	We face risks associated with cybersecurity. For additional details on risks from cybersecurity threats, please refer to “Item 1A. Risk Factors - The occurrence of security breaches and cyber-attacks could negatively impact our business.” and “- Privacy and data security concerns, laws, or other regulations could expose us to liability or impair our operations..” The purpose of our cybersecurity program is to assess, identify, manage and mitigate cybersecurity risk while supporting the achievement of our business objectives. Under our comprehensive risk management program, the Board of Directors of the Company maintains oversight of the most significant risks facing the Company, including cybersecurity risks, while senior management is responsible for the identification and prioritization of risks that are material to our business, corresponding risk-mitigation efforts and day-to-day management of our risk management program. The full Board of Directors retains oversight over management’s cybersecurity efforts. At least annually, and often more frequently, our Board of Directors receives cybersecurity briefings from senior executives, including, when appropriate, executives focused on cybersecurity matters. Our companywide cybersecurity policy sets the framework for our approach to cybersecurity. Each business unit and our corporate headquarters designates individuals with appropriate qualifications and experience to be responsible for addressing cybersecurity matters, including assessing, identifying and managing risks from cybersecurity threats, with a direct reporting line to senior management. Under our approach to cybersecurity, each business unit designs and operates its own information and cybersecurity program tailored to its market, customer requirements, regulatory requirements and threats. Our cybersecurity policy and procedures are designed to ensure senior management receives timely and adequate information regarding cybersecurity matters, including threats and incident response, as appropriate to the matter. Our policies and procedures are also designed to oversee and identify material cybersecurity risks related to third-party vendors and service providers. As part of our approach to cyber risk management, we regularly perform internal audits of internal processes and controls relating to cybersecurity. From time to time, as appropriate under our overall cybersecurity program, we engage third-party experts to support the assessment of cyber related risks, including to conduct cyber penetration testing. To its knowledge, the Company has not experienced a material cybersecurity breach within the last three years, nor identified any risks from cybersecurity threats that have materially affected us, including our business strategy, results of operations or financial condition.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Our companywide cybersecurity policy sets the framework for our approach to cybersecurity. Each business unit and our corporate headquarters designates individuals with appropriate qualifications and experience to be responsible for addressing cybersecurity matters, including assessing, identifying and managing risks from cybersecurity threats, with a direct reporting line to senior management. Under our approach to cybersecurity, each business unit designs and operates its own information and cybersecurity program tailored to its market, customer requirements, regulatory requirements and threats. Our cybersecurity policy and procedures are designed to ensure senior management receives timely and adequate information regarding cybersecurity matters, including threats and incident response, as appropriate to the matter. Our policies and procedures are also designed to oversee and identify material cybersecurity risks related to third-party vendors and service providers.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]	To its knowledge, the Company has not experienced a material cybersecurity breach within the last three years, nor identified any risks from cybersecurity threats that have materially affected us, including our business strategy, results of operations or financial condition.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The purpose of our cybersecurity program is to assess, identify, manage and mitigate cybersecurity risk while supporting the achievement of our business objectives. Under our comprehensive risk management program, the Board of Directors of the Company maintains oversight of the most significant risks facing the Company, including cybersecurity risks, while senior management is responsible for the identification and prioritization of risks that are material to our business, corresponding risk-mitigation efforts and day-to-day management of our risk management program. The full Board of Directors retains oversight over management’s cybersecurity efforts. At least annually, and often more frequently, our Board of Directors receives cybersecurity briefings from senior executives, including, when appropriate, executives focused on cybersecurity matters.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The purpose of our cybersecurity program is to assess, identify, manage and mitigate cybersecurity risk while supporting the achievement of our business objectives. Under our comprehensive risk management program, the Board of Directors of the Company maintains oversight of the most significant risks facing the Company, including cybersecurity risks, while senior management is responsible for the identification and prioritization of risks that are material to our business, corresponding risk-mitigation efforts and day-to-day management of our risk management program. The full Board of Directors retains oversight over management’s cybersecurity efforts. At least annually, and often more frequently, our Board of Directors receives cybersecurity briefings from senior executives, including, when appropriate, executives focused on cybersecurity matters.
Cybersecurity Risk Role of Management [Text Block]	The purpose of our cybersecurity program is to assess, identify, manage and mitigate cybersecurity risk while supporting the achievement of our business objectives. Under our comprehensive risk management program, the Board of Directors of the Company maintains oversight of the most significant risks facing the Company, including cybersecurity risks, while senior management is responsible for the identification and prioritization of risks that are material to our business, corresponding risk-mitigation efforts and day-to-day management of our risk management program. The full Board of Directors retains oversight over management’s cybersecurity efforts. At least annually, and often more frequently, our Board of Directors receives cybersecurity briefings from senior executives, including, when appropriate, executives focused on cybersecurity matters.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Note 5 - Accounts Receivable, Net - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Accounts receivable	$ 5,682	$ 6,431
Allowance for doubtful accounts	(5,137)	(4,817)
Accounts receivable, net	$ 545	$ 1,614

Note 14 - Advance From Investors (Details Textual) $ in Thousands		12 Months Ended
	Sep. 30, 2024	Dec. 31, 2025 USD ($) shares	Dec. 31, 2024 USD ($)
Purchase Agreement, Maximum Shares Issuable, Shares (in shares) \| shares		89,606
Purchase Agreement, Maximum Shares Issuable, Value		$ 268,818
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	4	4
Securities Purchase Agreement [Member]
Advances From Investors			$ 1,080

Note 16 - The Financing and Warrant Liabilities - Warrant Activity (Details) - $ / shares

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Number of underlying shares (in shares)

^[1]

148,543

Balance, weighted average remaining contractual life (Year)

^[1]

7 months 17 days

Weighted average exercise price (in dollars per share)

^[1]

$ 74

Exercisable (in shares)

^[1]

148,543

Exercisable, weighted average remaining contractual life (Year)

^[1]

7 months 17 days

Exercisable, weighted average exercise price (in dollars per share)

^[1]

$ 74

Number of underlying shares, Issued/Vested (in shares)

^[1]

Exercisable, Issued/Vested (in shares)

^[1]

Number of underlying shares, Exercised (in shares)

^[1]

Number of underlying shares, Expired (in shares)

^[1]

(148,543)

Expired (in dollars per share)

^[1]

$ 74

Number of underlying shares (in shares)

^[1]

148,543

Number ofunderlyingshares (in shares)

^[1]

148,543

[1]

* Except where otherwise specified, the numbers of common stock and common stock purchase warrant, the purchase prices of the common stock, the exercise prices of the common stock purchase warrant discussed in this note have been retroactively restated for effect of the 1-for-4 reverse stock split on September 30, 2024, respectively. See Note 4(l).

Note 1 - Organization and Nature of Operations (Details Textual)	Dec. 31, 2025
ChinaNet BVI [Member]
Subsidiary, Ownership Percentage, Parent	100.00%
China Net HK [Member]
Subsidiary, Ownership Percentage, Parent	100.00%
ChinaNet Investment BVI [Member]
Subsidiary, Ownership Percentage, Parent	100.00%
Cnet Technology HK Limited [Member]
Subsidiary, Ownership Percentage, Parent	100.00%
Shenzhen Shangye Consulting Services Co, Ltd. [Member]
Subsidiary, Ownership Percentage, Parent	100.00%
Grandon BVI [Member]
Subsidiary, Ownership Percentage, Parent	100.00%
Rise King WFOE [Member]
Subsidiary, Ownership Percentage, Parent	100.00%
ChinaNet Online Holdings Co. [Member]
Subsidiary, Ownership Percentage, Parent	100.00%
ChinaNet Online Guangdong [Member]
Subsidiary, Ownership Percentage, Parent	100.00%
CNET Technology [Member]
Subsidiary, Ownership Percentage, Parent	100.00%
Cnet SEA [Member]
Subsidiary, Ownership Percentage, Parent	100.00%
CNET Media HK Limited [Member]
Subsidiary, Ownership Percentage, Parent	100.00%

Note 7 - Other Current Assets, Net (Details Textual) - USD ($) $ in Thousands						1 Months Ended		3 Months Ended		4 Months Ended	12 Months Ended
	Mar. 27, 2025	Mar. 17, 2025	Jan. 27, 2025	May 29, 2024	Mar. 31, 2022	May 31, 2023	Mar. 31, 2021	Jul. 31, 2023	Dec. 31, 2022	Apr. 30, 2022	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Jan. 11, 2023	Jun. 30, 2022	May 01, 2022	Jan. 05, 2022
Short-term loans to unrelated parties											$ 2,653	$ 3,606
Financing Receivable, Allowance for Credit Loss											1,989	1,513	$ 1,559
Loan to Unrelated Party [Member]
Short-term loans to unrelated parties																	$ 2,500
Loans Receivable, Interest Rate, Stated Percentage																	7.50%
Proceeds from Collection of Notes Receivable										$ 1,020
Proceeds from Interest Received										$ 60
Revised Loan to Original Unrelated Party [Member]
Short-term loans to unrelated parties																$ 1,480
Loans Receivable, Interest Rate, Stated Percentage																5.00%
Proceeds from Collection of Notes Receivable	$ 210	$ 350		$ 130
Proceeds from Interest Received	2	60		60		$ 20		$ 20	$ 50
Proceeds from Loans Principal Amount	$ 210	$ 290		$ 70
Second Loan to Unrelated Party [Member]
Short-term loans to unrelated parties														$ 2,000
Loans Receivable, Interest Rate, Stated Percentage														12.00%
Proceeds from Collection of Notes Receivable			$ 570									770
Proceeds from Interest Received			110									350
Proceeds from Loans Principal Amount			$ 460									420
Allowance for Credit Loss on Short Term Loans											480	$ (50)
Digital Sun [Member]
Short-term loans to unrelated parties							$ 1,650
Proceeds from Collection of Notes Receivable					$ 1,030
Notes And Loans Receivable, Term (Year)							1 year
Financing Receivable, Modified, Subsequent Default					$ 620
Financing Receivable, Allowance for Credit Loss															$ 620
Digital Sun [Member] \| Other Current Assets [Member]
Financing Receivable, after Allowance for Credit Loss, Current											$ 620

Note 2 - Variable Interest Entities - Consolidated VIEs' Financial Performance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Revenues	$ 4,614	$ 15,439
Cost of revenues	4,261	14,993
Total operating expenses	2,306	4,203
Net loss before allocation to noncontrolling interests	(1,771)	(3,769)
Variable Interest Entity, Primary Beneficiary [Member]
Revenues	50	9,909
Cost of revenues	44	9,842
Total operating expenses	27	2,036
Net loss before allocation to noncontrolling interests	$ 27	$ 2,301

- Definition

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-3

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-19

Reference 25: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 37: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4J
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4J

Reference 38: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4K
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4K

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-2

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

+ Details

Note 3 - Liquidity and Capital Resources and Going Concern Evaluation (Details Textual) - USD ($)				12 Months Ended
	Oct. 28, 2025	Sep. 17, 2025	Mar. 07, 2025	Dec. 31, 2025	Dec. 31, 2024
Operating Income (Loss)				$ 1,953,000	$ 3,757,000
Net Cash Provided by (Used in) Operating Activities				929,000	2,058,000
Cash and cash equivalents				970,000	812,000
Working Capital				2,480,000
Payments to Acquire Businesses, Gross				$ 300,000	$ (0)
B Ocean Capital Management Limited [Member]
Business Combination, Voting Equity Interest Acquired, Percentage		9.80%
Payments to Acquire Businesses, Gross		$ 300,000
Business Combination, Consideration Transferred, Equity Interest, Share Issued, Number of Shares		200,000
Business Combination, Consideration Transferred, Equity Interest		$ 420,000
Business Combination, Price Per Share		$ 2.1
Business Combination, Consideration Transferred, Equity Interest, Share to be Issued		200,000
Fun Star [Member]
Business Combination, Voting Equity Interest Acquired, Percentage	9.90%
Payments to Acquire Businesses, Gross	$ 625,000
Business Combination, Consideration Transferred, Equity Interest, Share Issued, Number of Shares	150,000
Business Combination, Consideration Transferred, Equity Interest	$ 375,000
Business Combination, Price Per Share	$ 2.5
Rahula Group Acquisition [Member]
Investment Owned, Shares Acquired During Period			10,000
Asset Acquisition, Consideration Transferred			$ 600,000

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Current assets:

Cash and cash equivalents

$ 970

$ 812

Accounts receivable, net of allowance for doubtful accounts of $5,137 and $4,817 respectively

545

1,614

Prepayment and deposit to suppliers

5,211

4,508

Other current assets, net

830

2,239

Total current assets

7,556

9,173

Long-term investments

1,117

397

Operating lease right-of-use assets

Property and equipment, net

142

116

Intangible assets, net

515

Deposit for investment

300

Total Assets

9,678

9,686

Current liabilities:

Accounts payable

^[1]

169

Advance from customers

^[1]

522

489

Accrued payroll and other accruals

^[1]

517

557

Taxes payable

^[1]

3,249

3,152

Operating lease liabilities

^[1]

Advance from investors

1,075

Other current liabilities

^[1]

566

480

Total current liabilities

5,072

5,846

Long-term liabilities:

Deferred tax liability

Total Liabilities

5,275

5,968

Commitments and Contingencies

Equity:

Common stock (US$0.001 par value; authorized 12,500,000 shares; issued and outstanding 3,268,429 shares and 2,301,205 shares at December 31, 2025 and 2024, respectively)

^[2]

Common stock to be issued

420

Additional paid-in capital

^[2]

65,346

63,102

Statutory reserves

2,598

Accumulated deficit

(65,221)

(63,451)

Accumulated other comprehensive income

1,197

1,407

Total ZW Data Action Technologies Inc.’s stockholders’ equity

4,343

3,658

Noncontrolling interests

Total equity

4,403

3,718

Total Liabilities and Equity

9,678

9,686

Related Party [Member]

Long-term liabilities:

Long-term borrowing from a related party

$ 125

$ 122

[1]	Liabilities recognized as a result of consolidating the VIEs do not represent additional claims on the Company’s general assets (Note 2).
[2]	Retrospectively restated for effect of the 1-for-4 reverse stock split effective September 30, 2024, respectively. See Note 4(l).

Note 4 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Revenues	$ 4,614	$ 15,439
Transferred over Time [Member]
Revenues	310	9,909
Transferred at Point in Time [Member]
Revenues	4,304	5,530
Search Engine Marketing and Data Service [Member]
Revenues	50	9,909
Online Advertising Placement [Member]
Revenues	3,688	4,780
IP Services [Member]
Revenues	260	0
Blockchain-based SaaS services [Member]
Revenues	$ 616	$ 750

- Definition

+ References

+ Details

Note 8 - Long-term Investment (Details Textual) - USD ($)			12 Months Ended
	Sep. 17, 2025	May 27, 2025	Dec. 31, 2025	Dec. 31, 2024
Payments to Acquire Businesses, Gross			$ 300,000	$ (0)
Proceeds from Sale of Equity Method Investments			0	147,000
Other than Temporary Impairment Losses, Investments			$ 0	$ 2,000
B Ocean Capital Management Limited [Member]
Business Combination, Voting Equity Interest Acquired, Percentage	9.80%
Payments to Acquire Businesses, Gross	$ 300,000
Business Combination, Consideration Transferred, Equity Interest, Share Issued, Number of Shares	200,000
Business Combination, Consideration Transferred, Equity Interest	$ 420,000
Business Combination, Price Per Share	$ 2.1
Business Combination, Consideration Transferred, Equity Interest, Share to be Issued	200,000
New Business Holdings Limited [Member]
Equity Securities Without Readily Determinable Fair Value, Percent		7.69%	7.69%
Proceeds from Sale of Equity Method Investments		$ 400,000
Guangdong Yong Fu Xiang Health Management Co., Ltd (Yong Fu Xiang) [Member]
Equity Securities Without Readily Determinable Fair Value, Percent			9.90%
Wuhan Ju Liang [Member]
Equity Securities Without Readily Determinable Fair Value, Percent			9.90%
Titans [Member]
Equity Securities Without Readily Determinable Fair Value, Percent			19.60%

Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Revenues

$ 4,614

$ 15,439

Cost of revenues

4,261

14,993

Gross profit

353

446

Operating expenses

Sales and marketing expenses

207

General and administrative expenses

2,306

3,996

Total operating expenses

2,306

4,203

Loss from operations

(1,953)

(3,757)

Other income/(expenses)

Interest income

189

298

Impairment on long-term investment

(2)

Gain on disposal of subsidiaries

Other income/(expenses), net

(6)

Total other income

183

387

Loss before income tax benefit/(expense) and noncontrolling interests

(1,770)

(3,370)

Income tax expenses

(1)

(399)

Net loss

(1,771)

(3,769)

Net income attributable to noncontrolling interests

Net loss attributable to ZW Data Action Technologies Inc.

(1,770)

(3,761)

Net loss

(1,771)

(3,769)

Foreign currency translation income/(loss)

(209)

133

Comprehensive loss

(1,980)

(3,636)

Comprehensive loss/(income) attributable to noncontrolling interests

Comprehensive loss attributable to ZW Data Action Technologies Inc.

$ (1,980)

$ (3,626)

Loss per share

Basic and diluted (in dollars per share)

^[1],[2]

$ (0.67)

$ (1.86)

Weighted average number of common shares outstanding :

Basic and diluted (in shares)

^[1],[2]

2,655,963

2,021,492

[1]	** Retrospectively restated for effects of the 1-for-4 reverse stock split effective on September 30, 2024, respectively, See Note 4(l).
[2]	Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, see Note 4(l).

Note 3 - Liquidity and Capital Resources and Going Concern Evaluation

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Substantial Doubt about Going Concern [Text Block]

3.	Liquidity and capital resource and going concern evaluation

For the years ended December 31, 2025 and 2024, the Company incurred a loss from operations of approximately US$1.95 million and US$3.76 million, respectively. Net operating cash outflow for the years ended December 31, 2025 and 2024 was approximately US$0.93 million and US$2.06 million, respectively. As of December 31, 2025, the Company had cash and cash equivalents of approximately US$0.97 million and working capital of US$2.48 million.

The Company experienced decreased revenue but increased gross profit margin for the year ended December 31, 2025. The decreased in revenue was primarily attributable to the winding down of our distribution of the right to use search engine marketing service in the PRC but the improvement in gross profit margin is due to increased revenue in our higher margin internet advertising and related marketing services and IP services.

Our current core business is to provide advertising and marketing services to small and medium enterprises (“SMEs”), which is particularly sensitive to changes in general economic conditions. However, as we wind down our search engine marketing distribution service in the PRC, we are seeing an improvement in our gross margins as well as significantly reduced operating expenses that will improve our cash flow and liquidity in the next 12 months.

In addition, in order to further develop our core business, i.e., our Internet advertising and related data service business, broaden and diversify the online marketing channels for customers, reinforce our industry competitive advantage, we are actively seeking to acquire or invest in businesses and build teams with AI capabilities and proprietary intellectual properties that enable more accurate marketing solutions and cost efficient content creation. We may also pursue acquisitions or investments in businesses that expand our blockchain-based SaaS services, including technologies and platforms related to the tokenization of real-world assets. On March 7, 2025, ChinaNet Investment Holding Limited (the “Purchaser”), a British Virgin Islands company and an indirect wholly-owned subsidiary of ZW Data Action Technologies Inc. (the “Registrant”) acquired the 10,000 shares of Rahula Digital Media (HK) Limited, a Hong Kong company (the "Rahula") that Vickie Chan, an individual (the “Seller”) owned, pursuant to that certain Share Sale and Purchase Agreement, dated March 3, 2025, entered into by and between the Purchaser and the Seller for a total consideration of US$0.6 million. Rahula owns 100% equity interest in Shenzhen Shangye Business Consulting Services Co., Ltd., a People’s Republic of China company (together as “Rahula Group”). Rahula Group is principally engaged in the development and monetization of intellectual property rights on agent management, marketing data management, targeted marketing and mass marketing systems and technologies. The acquisition of Rahula Group and its intellectual property has enabled us to establish our IP services business segment. We generate revenue by licensing the intellectual property acquired through Rahula Group to customers. In the short term, we expect that cash flows generated from this business segment to help improve our liquidity, as it does not require significant ongoing capital investment or material cash outflows. On November 24, 2025, we changed the corporate name of Rahula to Cnet Technology (HK) Limited.

On September 17, 2025, CNET Technology Limited ("CNET Technology"), a wholly-owned subsidiary of ZW Data Action Technologies Inc. (the “Company”) in the British Virgin Islands, entered into a purchase agreement with B Ocean Capital Management Limited, a Cayman Islands company, and Oasis Management Consultant Limited, a Hong Kong company (collectively with B Ocean Capital Management Limited, the “Sellers”) and Titans Investment Asset Holdings Limited, a British Virgin Islands company (“Titans”), pursuant to which each Seller will sell its 9.80% equity interests in Titans (the “Titans Equity Interests”) to CNET Technology. In consideration for the Titans Equity Interests, CNET Technology shall pay to the Sellers totaling $300,000 in cash and cause the Company to issue 200,000 shares of common stock of the Company, having a total value of $420,000 and valued at $2.10 per share, to the Sellers. CNET Technology obtained the Titans Equity Interests on October 21, 2025; however, as of the date of this report, the Company has not yet issued the 200,000 shares of common stock to the Sellers and the closing of the transaction has not yet taken place. Titans is principally engaged in providing digital marketing and advertising services.

On October 28, 2025, CNET Technology, a wholly-owned subsidiary of the Company in the British Virgin Islands, entered into a purchase agreement (the “Acquisition Agreement”) with Fun Star Group INC., a British Virgin Islands company (“Fun Star”) and Modest Attack Limited, a British Virgin Islands company (“Modest”), pursuant to which Fun Star will sell its 9.9% equity interests in Modest (the “ Modest Equity Interests”) to CNET Technology. In consideration for the Modest Equity Interests, CNET Technology shall pay to Fun Star $625,000 in cash and cause the Company to issue 150,000 shares of common stock of the Company, having a total value of $375,000 and valued at $2.50 per share, to Fun Star. The closing of the acquisition is subject to customary terms and conditions as set forth in the Acquisition Agreement. Modest is principally engaged in providing consulting and technology development services related to the tokenization of real-world assets, including token economics design, blockchain platform development, ecosystem infrastructure support, and digital asset monitoring and management.

In addition, for the next 12 months from the date hereof, we anticipate to generate additional cash inflows and/or improve our liquidity through the following: (1) our short-term working capital loans provided to unrelated parties will mature within the next 12 months that we anticipate collecting these loan principals and the related interest income within the next 12 months; (2) equity financing; (3) we plan to reduce our operating costs through optimizing the personnel structure among different offices and reduce our office leasing spaces, if needed. This may incur incremental costs related to employee layoff compensation and contract termination penalty.

If the Company fails to achieve these goals, the Company may need additional financing to execute its business plan. If additional financing is required, the Company cannot predict whether this additional financing will be in the form of equity, debt, or another form, and the Company may not be able to obtain the necessary additional capital on a timely basis, on acceptable terms, or at all. In the event that financing sources are not available, or that the Company is unsuccessful in increasing its gross profit margin and reducing operating losses, the Company may be unable to implement its current plans for expansion, repay debt obligations or respond to competitive pressures, any of which would have a material adverse effect on the Company’s business, prospects, financial condition and results of operations. These factors raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued.

The consolidated financial statements as of December 31, 2025 have been prepared under the assumption that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business over a reasonable period of time. The Company's ability to continue as a going concern is dependent upon its uncertain ability to increase gross profit margin and reduce operating loss from its core business and/or obtain additional equity and/or debt financing. The accompanying financial statements as of December 31, 2025 do not include any adjustments that might result from the outcome of these uncertainties. If the Company is unable to continue as a going concern, it may have to liquidate its assets and may receive less than the value at which those assets are carried on the financial statements.

Note 10 - Intangible Assets, Net - Intangible Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Gross carrying value	$ 10,382	$ 9,636
Accumulated amortization	(6,119)	(5,901)
Impairment	(3,748)	(3,735)
Intangible assets, net	515	0
Cloud-Computing Based Software Platforms [Member]
Gross carrying value	1,321	1,291
Accumulated amortization	(916)	(895)
Impairment	(405)	(396)
Intangible assets, net	0	0
Licensing Agreements [Member]
Gross carrying value	1,204	1,204
Accumulated amortization	(496)	(496)
Impairment	(708)	(708)
Intangible assets, net	0	0
Internet Ad Tracking System [Member]
Gross carrying value	1,160	1,160
Accumulated amortization	(637)	(637)
Impairment	(523)	(523)
Intangible assets, net	0	0
Livestreaming Technology [Member]
Gross carrying value	1,500	1,500
Accumulated amortization	(625)	(625)
Impairment	(875)	(875)
Intangible assets, net	0	0
Blockchain Integrated Framework Platform [Member]
Gross carrying value	4,038	4,038
Accumulated amortization	(3,028)	(3,028)
Impairment	(1,010)	(1,010)
Intangible assets, net	0	0
Bo!News Application [Member]
Gross carrying value	341	334
Accumulated amortization	(114)	(111)
Impairment	(227)	(223)
Intangible assets, net	0	0
Other Computer Software [Member]
Gross carrying value	111	109
Accumulated amortization	(111)	(109)
Impairment	0	0
Intangible assets, net	0	$ 0
Rahula Intellectual Property [Member]
Gross carrying value	707
Accumulated amortization	(192)
Impairment	0
Intangible assets, net	$ 515

Note 12 - Taxation - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Pre-tax loss	$ (1,770)	$ (3,370)
Income tax benefit computed at U.S. federal rate, amount	$ 372	$ 708
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%
Rate differential for foreign earnings, amount	$ (9)	$ 110
Rate differential for foreign earnings, percent	(0.50%)	3.30%
(Provision for) / reversal of valuation allowance on deferred tax assets, amount	$ 117	$ (888)
(Provision for) / reversal of valuation allowance on deferred tax assets, percent	6.60%	(26.40%)
Expired tax attribute carryforwards, amount	$ (513)	$ (323)
Expired tax attribute carryforwards, percent	(29.00%)	(9.60%)
Tax effect on other (non-deductible expenses)/non-taxable income, amount	$ 32	$ (6)
Tax effect on other (non-deductible expenses)/non-taxable income, percent	1.80%	(0.20%)
Effective income tax benefit/(expense), amount	$ (1)	$ (399)
Effective income tax benefit/(expense), percent	(0.10%)	(11.90%)

Note 1 - Organization and Nature of Operations

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Nature of Operations [Text Block]

1.	Organization and nature of operations

ZW Data Action Technologies Inc. (f/k/a ChinaNet Online Holdings, Inc.) (the “Company”) was incorporated in the State of Texas in April 2006 and re-domiciled to become a Nevada corporation in October 2006. On June 26, 2009, the Company consummated a share exchange transaction with China Net Online Media Group Limited (the “Share Exchange”), a company organized under the laws of British Virgin Islands (“China Net BVI”). As a result of the Share Exchange, China Net BVI became a wholly owned subsidiary of the Company and the Company is now a holding company, which, through certain contractual arrangements with operating companies in the People’s Republic of China (the “PRC”) and its other subsidiaries outside of mainland China, is engaged in providing Internet advertising, precision marketing, influencer marketing services as well as the related data and technical services to small and medium enterprises (SMEs). The Company also develops blockchain enabled web/mobile applications and provides software solutions, i.e., Software-as-a-Service (“SaaS”) services for clients and engages in IP licensing services. As part of an ongoing strategic shift, the Company’s operations are now primarily conducted outside mainland China.

The Company’s wholly owned subsidiary, China Net BVI was incorporated in the British Virgin Islands on August 13, 2007. On April 11, 2008, China Net BVI became the parent holding company of a group of companies comprised of CNET Online Technology Co. Limited, a Hong Kong company (“China Net HK”), which established and is the parent company of Rise King Century Technology Development (Beijing) Co., Ltd., a wholly foreign-owned enterprise (“WFOE”) established in the PRC (“Rise King WFOE”). The Company refers to the transactions that resulted in China Net BVI becoming an indirect parent company of Rise King WFOE as the “Offshore Restructuring.”

PRC regulations prohibit direct foreign ownership of business entities providing Internet content, or ICP services in the PRC, and used to restrict foreign ownership of business entities engaging in the advertising business, which was subsequently lifted in June 2015. To satisfy PRC laws and regulations, the Company conducts certain business in the PRC through its Variable Interest Entities (“VIEs”). Through a series of contractual agreements (the “Contractual Agreements” or “VIE Agreements”) between Rise King WFOE and Business Opportunity Online (Beijing) Network Technology Co., Ltd. (“Business Opportunity Online”), Beijing CNET Online Advertising Co., Ltd. (“Beijing CNET Online”) (collectively the “PRC Operating Entities” or the “VIEs”) and its common individual owners (the “PRC Shareholders” or the “Control Group”), the Company, through Rise King WFOE, secures significant rights to influence the PRC Operating Entities’ business operations, policies and management, approve all matters requiring shareholder approval, and the right to receive the income earned by the PRC Operating Entities. In return, Rise King WFOE provides consulting services to the PRC Operating Entities. In addition, to ensure that the PRC Operating Entities and the PRC Shareholders perform their obligations under the Contractual Arrangements, the PRC Shareholders have pledged all of their equity interests in the PRC Operating Entities to Rise King WFOE. They also entered into an option agreement with Rise King WFOE which provides that at such time as when the restrictions under PRC law on foreign ownership of Chinese companies engaging in the Internet content, information services or advertising business in China are lifted, Rise King WFOE may exercise its option to purchase the equity interests in the PRC Operating Entities, directly.

As a result of these Contractual Agreements, Rise King WFOE has the power to direct activities of the PRC Operating Entities that most significantly impact the economic performance of the PRC Operating Entities and the obligation to absorb the losses and the right to receive benefits of the PRC Operating Entities that could potentially be significant to the PRC Operating Entities in a manner that does not violate the related PRC laws. As such, Rise King WFOE is deemed to be the primary beneficiary of the PRC Operating Entities, or the VIEs, that are parties to the relevant VIE agreements, for accounting purposes only, which serves the purpose of consolidating the VIEs’ operating results in the preparation of the Company’s consolidated financial statements in accordance with the provisions of FASB Accounting Standards Codification ("ASC") Topic 810 “Consolidation”, subtopic 10.

As of December 31, 2025, the Company’s consolidated subsidiaries, VIEs and VIEs’ subsidiaries are summarized as follows:

Name of the entity	Place and date of incorporation	Percentage of legal ownership	Principal activities

*Subsidiaries:*

China Net Online Media Group Limited (“China Net BVI”)	British Virgin Islands August 13, 2007	100%	Investment holding company

CNET Online Technology Co. Limited (“China Net HK”)	Hong Kong, PRC September 4, 2007	100%	Investment holding company

ChinaNet Investment Holding Ltd. (“ChinaNet Investment BVI”)	British Virgin Islands January 12, 2015	100%	Investment holding company

Cnet Technology (HK) Limited, formerly known as Rahula Digital Media (HK) Limited (“Rahula”)	Hong Kong July 23, 2024	100%	Intellectual Property Licensing Services

Shenzhen Shangye Consulting Services Co., Ltd.	PRC July 17, 2023	100%	Intellectual Property Licensing Services

Grandon Investments Limited (“Grandon BVI”)	British Virgin Islands February 13, 2006	100%	Investment holding company, providing e-commerce advertising services and blockchain-based SaaS services

Rise King Century Technology Development (Beijing) Co., Ltd. (“Rise King WFOE”)	PRC January 17, 2008	100%	Investment holding company, providing advertising, marketing and related services

ChinaNet Online Holdings Co., Ltd. (“ChinaNet Online Holdings”)	PRC August 31, 2015	100%	Investment holding company

ChinaNet Online (Guangdong) Holdings Co., Ltd. (“ChinaNet Online Guangdong Holdings”)	PRC May 12, 2021	100%	Investment holding company

CNET Technology Limited (“CNET Technology”)	British Virgin Islands August 13, 2025	100%	Investment holding company

Cnet SEA Limited (“Cnet SEA”)	Samoa November 21, 2025	100%	Investment holding company

CNET Media (HK) Limited	Hong Kong June 5, 2025	100%	Investment holding company, providing advertising, marketing and related services

*VIEs:*

Business Opportunity Online (Beijing) Network Technology Co., Ltd. (“Business Opportunity Online”)	PRC December 8, 2004	Consolidated VIE	Providing online advertising, precision marketing and the related data services

Beijing CNET Online Advertising Co., Ltd. (“Beijing CNET Online”)	PRC January 27, 2003	Consolidated VIE	Providing advertising, marketing and related value-added services

*VIEs’ subsidiaries:*

Beijing Chuang Fu Tian Xia Network Technology Co., Ltd. (“Beijing Chuang Fu Tian Xia”)	PRC March 1, 2011	VIE’s subsidiary	Providing online advertising, precision marketing and the related data services

Business Opportunity Online (Hubei) Network Technology Co., Ltd. (“Business Opportunity Online Hubei”)	PRC January 28, 2011	VIE’s subsidiary	Providing online advertising, precision marketing and the related data services

ChinaNet Online (Guangdong) Technology Co., Ltd. (“ChinaNet Online Guangdong Technology”)	PRC May 26, 2020	VIE’s subsidiary	Developing and operating blockchain technology-based products and services, and other related value-added services

Guangzhou Zhongtian Hexin Xibao Technology Co., Ltd.	PRC April 23, 2024	VIE’s subsidiary	Distribution of health and wellness related products

Note 22 - Loss Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Net loss attributable to ZW Data Action Technologies Inc.

$ (1,770)

$ (3,761)

Basic and diluted (in shares)

^[1],[2]

2,655,963

2,021,492

Basic and diluted (in dollars per share)

^[1],[2]

$ (0.67)

$ (1.86)

[1]	** Retrospectively restated for effects of the 1-for-4 reverse stock split effective on September 30, 2024, respectively, See Note 4(l).
[2]	Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, see Note 4(l).

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-52

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482635/260-10-55-15

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-7

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

+ References + Details

Note 10 - Intangible Assets, Net

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

10.

Intangible assets, net

	As of December 31, 2025
Items	Gross Carrying Value		Accumulated Amortization			Impairment			Net Carrying Value
	US$(’000)		US$(’000)			US$(’000)			US$(’000)
Intangible assets subject to amortization:
--10 years life:
Cloud compute software technology		1,321		(916	)		(405	)		-
Licensed products use right		1,204		(496	)		(708	)		-

--5 years life:
Internet Ad tracking system		1,160		(637	)		(523	)		-
Live streaming technology		1,500		(625	)		(875	)		-

--3 years life:
Rahula’s Intellectual Property		707		(192	)		-			515
Blockchain Integrated Framework		4,038		(3,028	)		(1,010	)		-
Bo!News application		341		(114	)		(227	)		-
Other computer software		111		(111	)		-			-
Total	$	10,382	$	(6,119	)	$	(3,748	)	$	515

	As of December 31, 2024
Items	Gross Carrying Value		Accumulated Amortization			Impairment			Net Carrying Value
	US$(’000)		US$(’000)			US$(’000)			US$(’000)
Intangible assets subject to amortization:
--10 years life:
Cloud compute software technology		1,291		(895	)		(396	)		-
Licensed products use right		1,204		(496	)		(708	)		-

--5 years life:
Internet Ad tracking system		1,160		(637	)		(523	)		-
Live streaming technology		1,500		(625	)		(875	)		-

--3 years life:
Blockchain Integrated Framework		4,038		(3,028	)		(1,010	)		-
Bo!News application		334		(111	)		(223	)		-
Other computer software		109		(109	)		-			-
Total	$	9,636	$	(5,901	)	$	(3,735	)	$	-

Amortization expenses in the aggregate for the years ended December 31, 2025 and 2024 were approximately US$0.19 million and US$0.84 million, respectively.

Intangible assets of the Company are tested for impairment when events or circumstances occur that could indicate that the carrying amount of an asset may not be recoverable. For the year ended December 31, 2025 and 2024, the Company recorded no impairment loss associated with its intangible assets, due to insufficient estimated future cash flows expected to be generated by these assets.

Based on the adjusted carrying value of the finite-lived intangible assets after the deduction of the impairment losses, which has a weighted average remaining useful life of 2.19 years as of December 31, 2025, and assuming no further subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$0.24 million for the year ending December 31, 2026, approximately US$0.24 million for the year ending December 31, 2027 and approximately US$0.04 million for the year ending December 31, 2028.

Note 4 - Summary of Significant Accounting Policies - Operating Lease Expenses and Supplemental Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Long-term operating lease contracts	$ 50	$ 22
Operating cash flows used for operating leases (US$’000)	53	25
Short-term operating lease contracts	5	34
Right-of-use assets obtained in exchange for new lease liabilities (US$’000)	87	0
Total	$ 55	$ 56
Weighted-average discount rate	6.00%	6.00%

Note 2 - Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Variable Interest Entities [Table Text Block]

	As of December 31,
	2025		2024
	US$(’000)		US$(’000)
Assets
Current assets:
Cash and cash equivalents	$	13	$	24
Accounts receivable, net		-		34
Prepayment and deposit to suppliers		1,073		1,189
Other current assets		2		2
Total current assets		1,088		1,249

Property and equipment, net		66		85
Deferred tax assets		-		-
Total Assets	$	1,154	$	1,334

Liabilities
Current liabilities:
Accounts payable	$	95	$	93
Advances from customers		461		489
Accrued payroll and other accruals		26		14
Taxes payable		2,578		2,521
Operating lease liabilities		-		-
Lease payment liabilities related to short-term leases		-		-
Other current liabilities		624		546
Total current liabilities		3,784		3,663

Operating lease liabilities-Non current		-		-
Total Liabilities	$	3,784	$	3,663

Financial Performance of VIEs [Table Text Block]

	Year Ended December 31,
	2025		2024
	US$(’000)		US$(’000)

Revenues	$	50	$	9,909
Cost of revenues		44		9,842
Total operating expenses		27		2,036
Net loss before allocation to noncontrolling interests		27		2,301

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Note 22 - Loss Per Share

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

22.

Loss per share

Basic and diluted loss per share for each of the years presented is calculated as follows (All amounts, except number of shares and per share data, are presented in thousands of U.S. dollars):

	Year Ended December 31,
	2025			2024
	US$(’000)			US$(’000)

Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share)	$	(1,770	)	$	(3,761	)

Weighted average number of common shares outstanding – Basic and diluted **		2,655,963			2,021,492

Loss per share -Basic and diluted **	$	(0.67	)	$	(1.86	)

** Retrospectively restated for effects of the 1-for-4 reverse stock split effective on September 30, 2024, respectively, See Note 4(l).

Note 10 - Intangible Assets, Net - Intangible Assets, Net (Details) (Parentheticals)	Dec. 31, 2025	Dec. 31, 2024
Finite-Lived Intangible Asset, Useful Life (Year)	2 years 2 months 8 days
Licensing Agreements [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years
Cloud-Computing Based Software Platforms [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		10 years
Internet Ad Tracking System [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		5 years
Livestreaming Technology [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	5 years
Blockchain Integrated Framework Platform [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		3 years
Other Computer Software [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	3 years

Note 4 - Summary of Significant Accounting Policies - Schedule of Future Operating Lease Payments (Details) - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Lessee, Operating Lease, Liability, to be Paid, Year One

$ 51

Total undiscounted lease payments

Less: imputed interest

(2)

Operating Lease, Liability

$ 0

Operating lease liabilities

^[1]

$ 0

Operating lease liabilities-Non current

$ 0

[1]	Liabilities recognized as a result of consolidating the VIEs do not represent additional claims on the Company’s general assets (Note 2).

Note 12 - Taxation - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Current	$ 0	$ 0
Deferred	(1)	(399)
Effective income tax benefit/(expense), amount	$ (1)	$ (399)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

+ Details

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted [Flag]	true

Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands

Common Stock [Member]

Common Stock To Be Issued [Member]

Additional Paid-in Capital [Member]

Statutory Reserves [Member]

Retained Earnings [Member]

AOCI Attributable to Parent [Member]

Noncontrolling Interest [Member]

Total

Balance (in shares) at Dec. 31, 2023

^[1]

1,926,205

Balance at Dec. 31, 2023

^[1]

$ 2

$ 0

$ 62,072

$ 2,598

$ (59,690)

$ 1,272

$ 0

$ 6,254

Noncontrolling interest in a acquired VIE

Disposal of noncontrolling interests in VIEs

(5)

Capital contribution from noncontrolling interests

Share-based compensation in exchange for services from employees, directors and consultants (in shares)

375,000

Share-based compensation in exchange for services from employees, directors and consultants

$ 0

1,030

Net loss

(3,761)

(8)

(3,769)

Foreign currency translation income/(loss)

$ 0

135

(2)

133

Balance (in shares) at Dec. 31, 2024

2,301,205

Balance at Dec. 31, 2024

$ 2

63,102

2,598

(63,451)

1,407

3,718

Net loss

(1,770)

(1)

(1,771)

Foreign currency translation income/(loss)

$ 0

(210)

(209)

Issuance of common stock for private placement, net of US$108 direct offering costs (in shares)

967,224

Issuance of common stock for private placement, net of US$108 direct offering costs

$ 1

2,244

2,245

Common stock to be issued related to an investment transaction

$ 0

420

Balance (in shares) at Dec. 31, 2025

3,268,429

Balance at Dec. 31, 2025

$ 3

$ 420

$ 65,346

$ 2,598

$ (65,221)

$ 1,197

$ 60

$ 4,403

[1]	Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, respectively. See Note 4(l).

Note 21 - Segment Reporting - Summary of Segment Reporting Information (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Revenues

$ 4,614

$ 15,439

Cost of revenues

4,261

14,993

Total operating expenses

2,306

4,203

Depreciation and amortization expenses included in cost of revenues and operating expenses

232

937

Impairment on intangible assets included in operating expenses

Impairment of Intangible Assets (Excluding Goodwill)

Loss from operations

(1,953)

(3,757)

Impairment on long-term investments

(2)

Impairment on long-term investments

Gain on disposal of subsidiaries

Net loss

(1,771)

(3,769)

Total assets

9,678

9,686

Operating Segments [Member] | Internet Ad [Member]

Revenues

3,738

14,689

Cost of revenues

3,510

14,152

Total operating expenses

126

1,727

Depreciation and amortization expenses included in cost of revenues and operating expenses

Impairment on intangible assets included in operating expenses

Impairment of Intangible Assets (Excluding Goodwill)

Loss from operations

102

(1,190)

Impairment on long-term investments

(0)

Gain on disposal of subsidiaries

Net loss

(1,491)

Total assets

8,553

7,627

Operating Segments [Member] | IP Services [Member]

Revenues

260

Cost of revenues

191

Total operating expenses

Depreciation and amortization expenses included in cost of revenues and operating expenses

191

Impairment on intangible assets included in operating expenses

Impairment of Intangible Assets (Excluding Goodwill)

Loss from operations

Impairment on long-term investments

(0)

Gain on disposal of subsidiaries

Net loss

Total assets

516

Operating Segments [Member] | Blockchain Technology [Member]

Revenues

616

750

Cost of revenues

560

841

Total operating expenses

Depreciation and amortization expenses included in cost of revenues and operating expenses

841

Impairment on intangible assets included in operating expenses

Impairment of Intangible Assets (Excluding Goodwill)

Loss from operations

(91)

Impairment on long-term investments

(0)

Gain on disposal of subsidiaries

Net loss

(91)

Total assets

Intersegment Eliminations [Member]

Revenues

Cost of revenues

Total operating expenses

Depreciation and amortization expenses included in cost of revenues and operating expenses

Impairment on intangible assets included in operating expenses

Impairment of Intangible Assets (Excluding Goodwill)

Loss from operations

Impairment on long-term investments

(0)

Gain on disposal of subsidiaries

Net loss

Total assets

(33,770)

(32,346)

Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]

Revenues

Cost of revenues

Total operating expenses

2,180

^[1]

2,476

^[2]

Depreciation and amortization expenses included in cost of revenues and operating expenses

^[3]

Impairment on intangible assets included in operating expenses

^[3]

Impairment of Intangible Assets (Excluding Goodwill)

^[3]

Loss from operations

(2,180)

(2,476)

^[3]

Impairment on long-term investments

(2)

^[3]

Impairment on long-term investments

^[3]

Gain on disposal of subsidiaries

^[3]

Net loss

(1,993)

(2,187)

^[3]

Total assets

$ 34,324

$ 34,405

^[3]

[1]	(1) Including approximately US$0.35 million share-based compensation expenses.
[2]	Including approximately US$0.68 million share-based compensation expenses.
[3]	Since our Ecommerce O2O Ad and marketing services segment has been dormant and historical amounts were immaterial, the operations of this segment have been combined with the corporate segment for financial reporting purposes. Accordingly, the segment information for the year ended December 31, 2024, has been reclassified to conform to the presentation for the year ended December 31, 2025.

Consolidated Statements of Cash Flows (Parentheticals) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)
Payments of Stock Issuance Costs	$ 45

Note 9 - Property and Equipment, Net - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Property and equipment, gross	$ 1,945	$ 1,838
Less: accumulated depreciation	(1,803)	(1,722)
Property and equipment, net	142	116
Vehicles [Member]
Property and equipment, gross	452	442
Office Equipment [Member]
Property and equipment, gross	879	834
Electronic Devices [Member]
Property and equipment, gross	575	562
Leasehold Improvements [Member]
Property and equipment, gross	$ 39	$ 0

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Accounts Receivable, Allowance for Credit Loss, Current	$ 5,137	$ 4,817
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized (in shares)	12,500,000	12,500,000
Common Stock, Shares, Issued (in shares)	3,268,429	2,301,205
Common Stock, Shares, Outstanding (in shares)	3,268,429	2,301,205

Note 16 - The Financing and Warrant Liabilities

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Warrants Disclosure [Text Block]

16.

The Financing and warrant liabilities

The Company consummated registered direct offerings and issued the Company’s common stock and common stock purchase warrants to certain institutional investors, and common stock purchase warrants to its placement agent, in February 2021 (the “2021 Financing”) and December 2020 (the “2020 Financing”). Warrants issued to the investors and placement agent in the 2020 Financing were referred to as the “2020 Investors Warrants” and the “2020 Placement Agent Warrants”, respectively. The warrants issued in the 2021 Financing and the 2020 (Collectively, the “Financings”) were referred to collectively as the “Warrants”. As of December 31, 2024, the warrants issued in the 2021 and 2020 Financing have expired.

The respective initial exercise price of the Warrants is subject to anti-dilution provisions that require adjustment of the number of shares of common stock that may be acquired upon exercise of the warrant, or to the exercise price of such shares, or both, to reflect stock dividends and splits, subsequent rights offerings, pro-rata distributions, and certain fundamental transactions. The Warrants also contain “full ratchet” price protection in the event of subsequent issuances below the applicable exercise price (the “Down round feature”).

The Warrants may not be exercised if it would result in the holder beneficially owning more than 4.99% of the Company’s outstanding common shares (the “Beneficial Ownership Limitation”). The holder of the warrants, upon notice to the Company, may increase or decrease the Beneficial Ownership Limitation, provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the Company’s outstanding common shares. Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered to the Company.

Accounting for securities issued in the Financings

The Company determined that the Company’s common stock issued in the Financings should be classified as permanent equity as there was no redemption provision at the option of the holders that is not within the control of the Company on or after an agreed upon date.

The Company analyzed the Warrants issued in the Financings in accordance with ASC Topic 815 “Derivatives and Hedging”. In accordance with ASC Topic 815, the Company determined that the Warrants should not be considered index to its own stock, as the strike price of the Warrants is dominated in a currency (U.S. dollar) other than the functional currency of the Company (Renminbi or Yuan). As a result, the Warrants do not meet the scope exception of ASC Topic 815, therefore, should be accounted for as derivative liabilities and measure at fair value with changes in fair value be recorded in earnings in each reporting period.

For the year ended December 31, 2025 and 2024, the Company did not recognize any change in fair value of warrant liabilities.

Warrants issued and outstanding on December 31, 2024 and their movements during the year then ended are as follows:

	Warrant Outstanding*							Warrant Exercisable*
	Number of underlying shares			Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Number of underlying shares			Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
Balance, January 1, 2024		148,543			0.63	$	74.00		148,543			0.63	$	74.00
Issued/Vested		-							-
Exercised		-
Expired		(148,543	)			$	74.00		(148,543	)			$	74.00
Balance, December 31, 2024		-							-

Note 14 - Other Current Liabilities

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Other Liabilities Disclosure [Text Block]

14.

Other current liabilities

As of December 31, 2025, other current liabilities were approximately US$0.57 million, of which approximately US$0.47 million was interest free loans received from a related party, our Chief Executive Officer.

As of December 31, 2024, other current liabilities were approximately US$0.48 million, of which approximately US$0.12 million was interest free loans received from a related party, our Chief Executive Officer.

Note 6 - Prepayment and Deposit to Suppliers

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Prepayments and Deposits to Suppliers Disclosure [Text Block]

6.	Prepayments and deposit to suppliers

	As of December 31,
	2025		2024
	US$(’000)		US$(’000)

Deposits to advertising resources providers		529		612
Prepayments to advertising resources providers		4,257		2,996
Deposit for investing activities		-		152
Other deposits and prepayments		425		748
		5,211		4,508

As of December 31, 2025 and 2024, contractual deposits were primarily paid to the Company’s major Internet advertising resources suppliers and other advertising resource suppliers. The contractual deposits will be refunded to the Company upon expiration of the contracts, which are generally for a one-year period.

According to the contracts signed between the Company and its suppliers, the Company is required to pay certain of the contract amounts in advance. These prepayments will be recognized as cost of revenues when the related services are delivered by the suppliers. As of December 31, 2025 and 2024, prepayments were primarily paid for purchasing Internet resources from the Company’s major Internet advertising resources suppliers.

Deposits for investing activities as of December 31, 2024 represented deposits made to acquire businesses to help further develop and broaden our online marketing channels and reinforce our industry competitive advantage.

Other deposits and prepayments as of December 31, 2025 and 2024 represented deposits and prepayments to the Company’s other services providers, which primarily included deposits for office lease contracts, prepayment for various kinds of professional services, etc.

Note 15 - Long-term Borrowing From a Related Party

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Long-Term Borrowing from Director Disclosure [Text Block]

15.

Long-term borrowing from a related party

Long-term borrowing from a related party is a non-interest bearing loan from a related party of the Company relating to the original paid-in capital contribution in the Company’s wholly-owned subsidiary Rise King WFOE, which is not expected to be repaid within one year.

Note 23 - Share-based Compensation Expenses - Share-based Compensation Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Share-based Compensation expenses	$ 345	$ 684
Selling and Marketing Expense [Member]
Share-based Compensation expenses	0	0
General and Administrative Expense [Member]
Share-based Compensation expenses	345	684
Research and Development Expense [Member]
Share-based Compensation expenses	$ 0	$ 0

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Cash flows from operating activities
Net loss	$ (1,771,000)	$ (3,769,000)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	232,000	938,000
Amortization of operating lease right-of-use assets	46,000	22,000
Share-based compensation expenses	346,000	684,000
Loss on disposal of fixed assets	0	3,000
Impairment on long-term investments	0	2,000
Provision for allowances for credit losses	693,000	846,000
Deferred taxes	(29,000)	399,000
Gain on disposal of subsidiaries	0	(23,000)
Other non-operating (income)/losses	(189,000)	(397,000)
Changes in operating assets and liabilities
Accounts receivable	852,000	(1,667,000)
Prepayment and deposit to suppliers	(1,022,000)	616,000
Other current assets	1,000	(3,000)
Accounts payable	74,000	(106,000)
Advance from customers	23,000	(284,000)
Accrued payroll and other accruals	(105,000)	211,000
Other current liabilities	(65,000)	492,000
Taxes payable	30,000	2,000
Operating lease liabilities	(45,000)	(24,000)
Net cash used in operating activities	(929,000)	(2,058,000)
Cash flows from investing activities
Purchase of vehicles, furniture and office equipment	(65,000)	(3,000)
Purchase of intellectual property	(600,000)	0
Cash effect of deconsolidation of subsidiaries	0	(6,000)
Investment and advances to ownership investee entities	0	(2,000)
Net proceeds from disposal of long-term investments	0	147,000
Cash acquired during the period	0	9,000
Repayment of short-term loans and interest income from unrelated parties	1,121,000	901,000
Cash paid for acquisition of equity interests	(300,000)	0
Deposit for other investing contracts	(300,000)	(151,000)
Net cash provided by investing activities	(144,000)	895,000
Cash flows from financing activities
Advance from investors	0	1,075,000
Proceeds from PIPE transactions, net of $45 of direct offering costs paid by cash	1,233,000	0
Capital contribution from noncontrolling interest	0	70,000
Net cash provided by financing activities	1,233,000	1,145,000
Effect of exchange rate fluctuation on cash and cash equivalents
Effect of exchange rate fluctuation on cash and cash equivalents	(2,000)	13,000
Net (decrease)/increase in cash and cash equivalents	158,000	(5,000)
Cash and cash equivalents, at beginning of the year	812,000	817,000
Cash and cash equivalents, at end of the year	970,000	812,000
Supplemental disclosure of cash flow information
Private placement completed during the period	1,075,000	0
Unpaid direct offering cost incurred during the period	63,000	0
Common stock to be issued for an investment transaction consummated during the period	$ 420,000	$ 0

Note 12 - Taxation (Details Textual) $ in Thousands, $ in Millions		3 Months Ended	12 Months Ended
	Apr. 01, 2018 HKD ($)	Apr. 01, 2018	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2022	Dec. 31, 2021
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%	21.00%
Income Tax Withholding Rate Pursuant to EIT Law			10.00%
Operating Loss Carryforwards			$ 35,240	$ 34,180
Operating Loss Carryforwards, Taxable Income Deduction Limitations			80.00%
Deferred Tax Assets, Valuation Allowance			$ 13,098	13,136
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount			$ 120	$ 890
Minimum [Member]
PRC Value Added Tax Surcharge Rate				12.00%
PRC [Member]
PRC Value Added Tax Rate for Modern Service Provided			6.00%	6.00%
PRC Value Added Tax Rate for Modern Service Provided Small Scale Tax Payer			3.00%	3.00%
Other PRC Operating Entities [Member] \| PRC [Member]
Applicable Income Tax Rate	25.00%		25.00%	25.00%
Business Opportunity Online [Member] \| PRC [Member]
Applicable Income Tax Rate					25.00%	15.00%
PRC Subsidiary And VIE's [Member]
Operating Loss Carryforwards			$ 8,990	$ 10,870
HONG KONG
Applicable Income Tax Rate for First Profit Limit		8.25%
Taxable Profits for Applicable Income Tax Rate	$ 2
Applicable Income Tax Rate for Subsequent Profit	16.50%

Note 16 - The Financing and Warrant Liabilities (Details Textual) $ in Thousands		12 Months Ended
	Sep. 30, 2024	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 14, 2020
Fair Value Adjustment of Warrants		$ 0	$ 0
Fair Value Adjustment of Warrants		$ (0)	$ 0
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	4	4
The Warrants [Member] \| Minimum [Member]
Class of Warrant or Right, Beneficial Ownership Percentage				4.99%
The Warrants [Member] \| Maximum [Member]
Class of Warrant or Right, Beneficial Ownership Percentage				9.99%

Note 21 - Segment Reporting

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

21.

Segment reporting

The Company follows ASC Topic 280 “Segment Reporting”, which requires that companies disclose segment data based on how management makes decisions about allocating resources to segments and evaluating their performance. Reportable operating segments include components of an entity about which separate financial information is available and which operating results are regularly reviewed by the chief operating decision maker (“CODM”), the Company’s Chief Executive Officer, to make decisions about resources to be allocated to the segment and assess each operating segment’s performance.

For the Year Ended December 31, 2025

	Internet Ad. and data service		IP Services		Blockchain technology		Corporate			Inter- segment and reconciling item			Total
	US$(’000)		US$(’000)		US$(’000)		US$(’000)			US$(’000)			US$(’000)

Revenues		3,738		260		616		-			-			4,614
Cost of revenues		3,510		191		560		-			-			4,261
Total operating expenses		126		-		-		2,180	⁽¹⁾		-			2,306
Depreciation and amortization expenses included in cost of revenues and operating expenses		21		191		-		20			-			232
Impairment on intangible assets included in operating expenses		-		-		-		-			-			-
Loss from operations		102		69		56		(2,180	)		-			(1,953	)

Impairment on long-term investments		-		-		-		-			-			-

Gain on disposal of subsidiaries		-		-		-		-			-			-

Net loss		97		69		56		(1,993	)		-			(1,771	)

Total assets-December 31, 2025		8,553		516		55		34,324			(33,770	)		9,678

(1) Including approximately US$0.35 million share-based compensation expenses.

For the Year Ended December 31, 2024

	Internet Ad. and data service			IP Services		Blockchain technology			Corporate⁽²⁾			Inter- segment and reconciling item			Total
	US$(’000)			US$(’000)		US$(’000)			US$(’000)			US$(’000)			US$(’000)

Revenues		14,689			-		750						-			15,439
Cost of revenues		14,152			-		841						-			14,993
Total operating expenses		1,727			-		-			2,476	⁽¹⁾		-			4,203
Depreciation and amortization expenses included in cost of revenues and operating expenses		29			-		841			67			-			937
Impairment on intangible assets included in operating expenses		-			-		-			-			-			-
Loss from operations		(1,190	)		-		(91	)		(2,476	)		-			(3,757	)

Impairment on long-term investments		-			-		-			(2	)		-			(2	)

Gain on disposal of subsidiaries		22			-		-			1			-			23

Net loss		(1,491	)		-		(91	)		(2,187	)		-			(3,769	)

Total assets-December 31, 2024		7,627			-		-			34,405			(32,346	)		9,686

(1)

Including approximately US$0.68 million share-based compensation expenses.

(2)

Since our Ecommerce O2O Ad and marketing services segment has been dormant and historical amounts were immaterial, the operations of this segment have been combined with the corporate segment for financial reporting purposes. Accordingly, the segment information for the year ended December 31, 2024, has been reclassified to conform to the presentation for the year ended December 31, 2025.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Note 9 - Property and Equipment, Net (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Depreciation	$ 40	$ 100

Note 4 - Summary of Significant Accounting Policies (Details Textual) $ / shares in Units, $ in Thousands, ¥ in Millions			12 Months Ended
	Mar. 07, 2025 USD ($) shares	Sep. 30, 2024 shares	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2025 HKD ($) shares	Dec. 31, 2025 CNY (¥) shares	Sep. 29, 2024 shares
Cash and cash equivalents			$ 970	$ 812
Accounts Receivable, Allowance for Credit Loss			217	892
Other than Temporary Impairment Losses, Investments			$ 0	2
Finite-Lived Intangible Asset, Useful Life (Year)			2 years 2 months 8 days		2 years 2 months 8 days	2 years 2 months 8 days
Impairment of Intangible Assets (Excluding Goodwill)			$ 0	$ 0
Common Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares			$ 0.001	$ 0.001
Common Stock, Shares Authorized (in shares) \| shares		12,500,000	12,500,000	12,500,000	12,500,000	12,500,000	50,000,000
Stock Issued During Period, Fractional Shares, Reverse Stock Splits (in shares) \| shares		0
Common Stock, Shares, Issued (in shares) \| shares		2,301,205	3,268,429	2,301,205	3,268,429	3,268,429	8,704,506
Contract with Customer, Asset, after Allowance for Credit Loss			$ 0
Contract with Customer, Performance Obligation Satisfied in Previous Period			0	$ 0
Research and Development Expense			0	0
Lease payment liabilities related to short-term leases			0	0
Operating Lease, Right-of-Use Asset			48	0
Operating Lease, Liability			49	0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense			0	0
Unrecognized Tax Benefits			0	0
Defined Benefit Plan, Benefit Obligation			$ 0
Rahula Group Acquisition [Member]
Investment Owned, Shares Acquired During Period \| shares	10,000
Asset Acquisition, Consideration Transferred	$ 600
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)	3 years
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio		4	4
Minimum [Member]
Lessee, Operating Lease, Term of Contract (Year)			1 year		1 year	1 year
Maximum [Member]
Lessee, Operating Lease, Term of Contract (Year)			8 years		8 years	8 years
Purchased Software and Software Platform [Member] \| Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			3 years		3 years	3 years
Purchased Software and Software Platform [Member] \| Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			10 years		10 years	10 years
Variable Interest Entity, Primary Beneficiary [Member]
Cash and cash equivalents			$ 13	24
Lease payment liabilities related to short-term leases			0	0
Subsidiaries [Member] \| Cash Transfer [Member]
Related Party Transaction, Amounts of Transaction			400	480
Subsidiaries [Member] \| Variable Interest Entities Repayment of Loan to Subsidiaries [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Related Party Transaction, Amounts of Transaction			90
Subsidiaries [Member] \| Subsidiary, Loan to Variable Entity Interests (VIEs) [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Related Party Transaction, Amounts of Transaction				20
Scenario, Plan [Member]
Dividends, Common Stock, Cash			0
UNITED STATES
Cash and cash equivalents			170
Cash, Insured Amount, Per Bank			250
CHINA
Cash and cash equivalents			800
Cash, Insured Amount, Per Bank \| ¥						¥ 0.5
CHINA \| PRC Subsidiary And VIE's [Member] \| Cash Transfer [Member]
Related Party Transaction, Amounts of Transaction			$ 0	$ 0
HONG KONG
Cash, Insured Amount, Per Bank					$ 800,000

Note 7 - Other Current Assets, Net - Summary of Other Current Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Short-term loans to unrelated parties	$ 2,653	$ 3,606
Short-term loans interest receivables	160	138
Staff advances for business operations	6	8
Total other current assets	2,819	3,752
Allowance for doubtful accounts	(1,989)	(1,513)
Other current assets, net	$ 830	$ 2,239

Note 17 - Restricted Net Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries	$ 13,110	$ 13,230
Withholding Tax Rate Pursuant To EIT Law	10.00%
WFOE [Member]
Minimum Percentage of Annual After-tax Profit For General Reserve	10.00%
Minimum Required Reserve As Percent Of Registered Capital	50.00%
Domestic Enterprise [Member]
Minimum Percentage of Annual After-tax Profit For General Reserve	10.00%

Note 9 - Property and Equipment, Net

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

9.	Property and equipment, net

	As of December 31,
	2025			2024
	US$(’000)			US$(’000)

Vehicles		452			442
Office equipment		879			834
Electronic devices		575			562
Leasehold improvement		39			-
Property and equipment, cost		1,945			1,838
Less: accumulated depreciation		(1,803	)		(1,722	)
Property and equipment, net		142			116

Depreciation expenses in the aggregate for the years ended December 31, 2025 and 2024 were approximately US$0.04 million and US$0.10 million, respectively.