v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 26,914,000 $ 26,712,000
Accounts receivable and contract assets 2,260,000 4,263,000
Inventories 0 67,000
Prepayments, deposits, and other current assets 6,992,000 2,968,000
Total current assets 36,166,000 34,010,000
Long-term investment 1,722,000 145,000
Property and equipment, net 7,043,000 13,693,000
Intangible assets, net 8,089,000 11,052,000
Right-of-use assets 554,000 61,000
Goodwill 791,000 4,454,000
Prepaid and other assets 21,208,000 16,425,000
Total assets 75,573,000 79,840,000
Current liabilities:    
Accounts payable 0 55,000
Accrued expenses and other current liabilities 3,404,000 1,627,000
Contract liabilities 285,000 696,000
Taxes payable 780,000 970,000
Lease liabilities 211,000 56,000
Total current liabilities 4,680,000 4,270,000
Lease liabilities 343,000 5,000
Total non-current liability 343,000 5,000
Total Liabilities 5,023,000 4,275,000
Commitments and contingencies 0 0
Shareholders’ equity:    
Additional paid-in capital 51,251,000 33,355,000
Statutory surplus reserves 1,737,000 1,737,000
Retained earnings 20,121,000 42,083,000
Accumulated other comprehensive loss (2,690,000) (3,997,000)
Total Lichen International Limited’s shareholders’ equity 70,550,000 73,182,000
Non-controlling interest 0 2,383,000
Total shareholders’ equity 70,550,000 75,565,000
Total liabilities and shareholders’ equity 75,573,000 79,840,000
Class A Ordinary Share    
Shareholders’ equity:    
Ordinary Share, value [1] 130,000 4,000
Class B Ordinary Share    
Shareholders’ equity:    
Ordinary Share, value [1],[2] 1,000
Related Party    
Current liabilities:    
Due to the related parties $ 0 $ 866,000
[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.