Exhibit 99.2

TROOPS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS 

AS OF JUNE 30, 2023, AND DECEMBER 31, 2022 

(In thousands of U.S. dollars except share and per share data)

	As of
	June 30, 2023			December 31, 2022
	(Unaudited)
ASSETS
CURRENT ASSETS
Cash	$	3,161		$	2,950
Loans receivable, net of provision for loan losses of $1,388 and $619, respectively		7,611			8,380
Interest receivable		167			4
Other receivables, prepayments and deposits, net of provision for credit losses of $3 and $3, respectively		288			205
Total current assets		11,227			11,539
Deposits for acquisition of a subsidiary, net of provision for credit losses of $131 and $131, respectively		4,869			4,869
Plant and equipment, net		47,806			48,655
Operating lease right-of-use assets, net		15			26
Intangible assets, net		31			42
Long-term loans receivable, net of provision for loan losses of $684 and $1,453, respectively		6,228			4,170
Goodwill		385			385
Total non-current assets		59,334			58,147
Total assets	$	70,561		$	69,686
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Short-term loan		1,282			-
Accounts payable		1			2
Other payables and accrued liabilities		2,006			1,258
Operating lease liability, current		15			22
Customer deposits		-			88
Taxes payable		832			721
Convertible notes - current		94			94
Total current liabilities		4,230			2,185
LONG-TERM LIABILITIES
Operating lease liability, non-current		-			4
Non-current Deferred tax liabilities		5,167			5,293
Total non-current liabilities		5,167			5,297
Total liabilities		9,397			7,482
COMMITMENTS AND CONTINGENCIES		-			-
SHAREHOLDERS' EQUITY
Preferred stock, $0.001 par value, 1,000,000 shares authorized, nil issued and outstanding as of June 30, 2023 and December 31, 2022		-			-
Ordinary shares, $0.004 par value, 500,000,000 shares authorized, 101,597,998 issued and outstanding as of June 30, 2023 and December 31, 2022		406			406
Additional paid-in-capital		135,674			135,674
Retained deficit		(74,917	)		(73,879	)
Accumulated other comprehensive income		1			3
Total  shareholders' equity		61,164			62,204
Total liabilities and shareholders' equity	$	70,561		$	69,686

TROOPS, INC. AND SUBSIDIARIES 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS 

FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022 

(In thousands of U.S. dollars except share and per share data)

	2023			2022
	(Unaudited)			(Unaudited)
REVENUES	$	1,834		$	1,924
COST OF REVENUES		1,424			1,567
GROSS PROFIT		410			357
OPERATING EXPENSES:
General and administrative expenses		1,469			1,175
Impairment loss of loan and interest receivables		-			610
Total operating expenses		1,469			1,785
OPERATING LOSS		(1,059	)		(1,428	)
OTHER (EXPENSES) INCOME:
Interest income		7			-
Interest expense		(32	)		(26	)
Other income, net		(3	)		163
Total other income, net		(28	)		137
LOSS FROM OPERATIONS BEFORE PROVISION FOR INCOME TAXES		(1,087	)		(1,291	)
INCOME TAX BENEFIT		49			114
NET LOSS	$	(1,038	)	$	(1,177	)
OTHER COMPREHENSIVE LOSS:
Foreign currency translation adjustment		(2	)		(5	)
COMPREHENSIVE LOSS	$	(1,040	)	$	(1,182	)
LOSS PER SHARE:
Basic	$	(0.01	)	$	(0.01	)
Diluted	$	(0.01	)	$	(0.01	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES:
Basic		101,597,998			101,597,998
Diluted		101,597,998			101,597,998