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Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2023
Summary of significant accounting policies  
Schedule of consolidated entities

    

Place incorporated

    

Ownership percentage

 

TROOPS, Inc.

 

Cayman Islands

 

Parent Company

SGOCO International (HK) Limited

 

Hong Kong

 

100

%

Beijing SGOCO Image Technology Co., Ltd.

Beijing, China

100

%

Giant Financial Services Limited (“GFS”)

 

Samoa

 

100

%

Apiguru Pty Ltd. (“Apiguru”)

 

Australia

 

100

%

Giant Connection Limited

 

Republic of Seychelles

 

100

%

Giant Credit Limited (“GCL”)

 

Hong Kong

 

100

%

11 Hau Fook Street Limited

 

Hong Kong

 

100

%

Paris Sky Limited

 

Marshall Islands

 

100

%

Vision Lane Limited

British Virgin Islands

100

%

Suns Tower Limited

(Formerly known as First Asia Tower Limited) (“Suns Tower”)

 

Hong Kong

 

100

%

First Asia Finance Limited (“FAF”)

Hong Kong

100

%

Schedule of assets with estimated useful lives

Leasehold land and buildings

    

Leasehold land and buildings are depreciated over the shorter of the unexpired term of lease and their estimated useful lives, being no more than 50 years

Machinery and equipment

 

4-10 years

Leasehold improvements

5 years

Vehicles and office equipment

 

4-5 years

Schedule of Separately identifiable intangible assets that have determinable lives

Trademarks of GFS

    

10 years

Service Contracts of GFS

 

1 year

Non-competition agreements of Apiguru

 

3 years

Summary of changes in warrant derivative liability

Carrying Value at

December 31, 

Fair Value Measurement at

    

2023

    

December 31, 2023

    

    

Level 1

    

Level 2

    

Level 3

Warrant derivative liability

$

$

$

$

Schedule of changes in financial liabilities

    

Amount

Balance at January 1, 2021

$

249

Change in fair value of warrant derivative liability

(249)

Balance at December 31, 2021

$

Schedule of the Company's revenues disaggregated by products and services and timing of revenue recognition:

Year ended December 31, 

Revenue by recognition over time

    

2023

    

2022

    

2021

Revenue by recognition over time

$

3,569

$

3,875

$

3,683

$

3,569

 

3,875

3,683

Year ended December 31, 

Revenue by major product line

    

2023

    

2022

    

2021

Interest on loans

$

2,313

$

2,451

$

1,673

Property lease and management

 

1,069

 

1,106

 

1,068

Financial technology solutions and services

187

318

942

$

3,569

 

3,875

3,683

Summary of the movement of the Company's contract liabilities

    

Rental receipt in advance

Balance as of January 1, 2021

$

3

Revenue recognized from beginning contract liability balance

(3)

Advances received from customers related to unsatisfied performance obligations

7

Balance as of December 31, 2021

$

7

Revenue recognized from beginning contract liability balance

(7)

Advances received from customers related to unsatisfied performance obligations

10

Balance as of December 31, 2022

$

10

Revenue recognized from beginning contract liability balance

(10)

Advances received from customers related to unsatisfied performance obligations

13

Balance as of December 31, 2023

$

13