v3.25.2
Equity
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Equity

11. Equity

 

Reverse Stock Split

 

As of July 31, 2025, the Company effected a reverse stock split at a ratio of 1-for-5 shares.

 

Share Issued for convertible note conversion and warrant exercise

 

During the six months ended June 30, 2025, the Group issued a total of 3,071,603 shares of common stock of the Company to the investor to convert a total principal amount of $485 of the October 2023 Note. On March 31, 2025 and April 3, 2025, the Group issued 2,378,644 and 1,155,321 shares of common stock, respectively, due to cashless exercise of warrants (see Note 14).

 

Share Issued to Settle Vendor Payable

 

During the six months ended June 30, 2024, the Group issued 769,099 shares of the Company’s common stock, to a vendor for settlement of payables of $953, and issued 596,162 shares of the Company’s common stock, to another vendor for settlement of payables of $739.