51Talk(US:COE)2023-04-05 16:00Financial Position - As of December 31, 2022, the company had cash, cash equivalents, and time deposits totaling approximately US$23.1 million[379]. - The company incurred net losses of US$12.8 million from continuing operations for the year ended December 31, 2022, with accumulated deficits reaching US$331.2 million[383]. - The company has operating lease obligations totaling US$761,000, with US$435,000 due within one year[390]. Cash Flow - The net cash provided by operating activities from continuing operations in 2022 was US$1.9 million, a significant improvement from a net cash used of US$5.0 million in 2021[384]. - The increase in cash received as advances from students was US$9.4 million from 2021 to 2022, contributing to improved cash flow[384]. - Net cash used in investing activities from continuing operations amounted to US$7.6 million in 2022, primarily due to repayment of investments in discontinued operations[385]. Capital Expenditures and Resource Allocation - The company’s capital expenditures were US$0.004 million in 2022, reflecting a focus on cost-efficient resource allocation[388]. Operational Efficiency and Intellectual Property - The company has developed proprietary CRM and ERP systems to enhance operational efficiency and student engagement[395]. - As of December 31, 2022, the company held five registered software copyrights and eight trademarks across various jurisdictions[399]. Liquidity Assessment - The company assesses its liquidity based on its ability to generate cash from operating activities to fund operations and attract investors[383].