v3.25.2
Unaudited Interim Condensed Consolidated Statements of Change in Shareholders’ Equity - USD ($)
$ in Thousands
Ordinary Shares
Previously Reported
Ordinary Shares
Additional paid-in capital
Previously Reported
Additional paid-in capital
Adoption of ASU 2023-08
Additional paid-in capital
Non-controlling interest
Retained earnings
Previously Reported
Retained earnings
Adoption of ASU 2023-08
Retained earnings
Treasury Shares
Previously Reported
Treasury Shares
Previously Reported
Adoption of ASU 2023-08
Total
Balance at Dec. 31, 2023 $ 15 $ 15 $ 1,548 $ 1,548   $ 17,771 $ 6,436 $ 24,207 $ (2,000) $ (2,000) $ 17,334 $ 6,436 $ 23,770
Balance (in Shares) at Dec. 31, 2023 [1] 150,000,000 150,000,000                        
Balance (in Shares) at Dec. 31, 2023                   204,348 204,348      
Ordinary shares issued upon Reverse Recapitalization, PIPE Financing, Backstop Financing, Stock Purchase Agreements and the Warrants, net of issuance costs   $ 1     57,360               57,361
Ordinary shares issued upon Reverse Recapitalization, PIPE Financing, Backstop Financing, Stock Purchase Agreements and the Warrants, net of issuance costs (in Shares) [1]   12,902,268                        
Net income                 36,639         36,639
Balance at Jun. 30, 2024   $ 16     58,908       60,846   $ (2,000)     117,770
Balance (in Shares) at Jun. 30, 2024 [1]   162,902,268                        
Balance (in Shares) at Jun. 30, 2024                     204,348      
Balance at Dec. 31, 2024   $ 16     84,276     78,170         $ 162,462
Balance (in Shares) at Dec. 31, 2024   163,106,615 [1]                       163,106,615 [2]
Issuance of common stock – at-the-market offering, net of issuance costs       176             $ 176
Issuance of common stock – at-the-market offering, net of issuance costs (in Shares) [1]   135,740                        
Share-based compensation expense       299             299
Issuance of common stock – Business Combination       1,426             1,426
Issuance of common stock – Business Combination (in Shares) [1]   306,651                        
Issuance of common stock – debt extinguishment       2,419             2,419
Issuance of common stock – debt extinguishment (in Shares) [1]   582,940                        
Net Income attributable to non-controlling interest       5,323             5,323
Net income                 30,253         30,253
Balance at Jun. 30, 2025   $ 16     $ 88,596 $ 5,323     $ 108,423         $ 202,358
Balance (in Shares) at Jun. 30, 2025   164,131,946 [1]                       164,131,946 [2]
[1] The share data has been retroactively restated to reflect the current capital structure of the Company.
[2] The balance of goodwill may be further changed after completing the Purchase Price Valuation (“PPA”) report by the certified valuer.