v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 22,573 $ 26,712
Accounts receivable and contract assets 2,135 4,263
Inventories 0 67
Prepayments, deposits, and other current assets 3,616 2,968
Total current assets 28,324 34,010
Long-term investment 1,185 145
Property and equipment, net 7,059 13,693
Intangible assets, net 9,507 11,052
Right-of-use assets 255 61
Goodwill 4,454 4,454
Prepaid and other assets 16,423 16,425
Total assets 67,207 79,840
Current liabilities:    
Accounts payable 0 55
Accrued expenses and other current liabilities 2,122 1,627
Contract liabilities 150 696
Taxes payable 327 970
Due to the related parties 78 866
Lease liabilities 103 56
Total current liabilities 2,780 4,270
Lease liabilities 176 5
Total non-current liability 176 5
Total Liabilities 2,956 4,275
Commitments and contingencies 0 0
Shareholders’ equity:    
Additional paid-in capital 33,624 33,355
Statutory surplus reserves 1,737 1,737
Retained earnings 32,727 42,083
Accumulated other comprehensive loss (3,843) (3,997)
Total Lichen International Limited’s shareholders’ equity 64,251 73,182
Non-controlling interest 0 2,383
Total shareholders’ equity 64,251 75,565
Total liabilities and shareholders’ equity 67,207 79,840
Class A Ordinary Share    
Shareholders’ equity:    
Ordinary Share, value [1] 6 4
Class B Ordinary Share    
Shareholders’ equity:    
Ordinary Share, value [1],[2] 0 0
Related Party    
Current liabilities:    
Due to the related parties $ 78 $ 866
[1] On March 3, 2025, the Company consolidated (each a “Share”) its common shares on the basis of 200 pre-consolidation Shares for one (1) post-consolidation share, which was approved by the Board on February 10, 2025. Share amounts have been retrospectively restated to reflect the post-consolidation number of shares.
[2] Represents amount less than $1,000.