v3.26.1
Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
$ in Thousands
Ordinary Shares
Class A
Ordinary Shares
Class B
Additional paid-in capital
Statutory surplus reserves
Retained Earnings
Accumulated other comprehensive loss
Total Lichen International Ltd shareholders’ equity
Non- controlling interests
Total
Balance (in Shares) at Dec. 31, 2022 [1] 67,500 45,000              
Balance at Dec. 31, 2022 $ 1 [1] [1],[2] $ 1,487 $ 789 $ 40,832 $ (2,000) $ 41,109 $ 0 $ 41,109
Net income (loss) 8,338 8,338 8,338
Net Proceeds from the initial public offering (in Shares) [1] 20,000                
Net Proceeds from the initial public offering [1],[2] [1] 13,406 13,406 13,406
Appropriation of for statutory reserve     948 (948)
Foreign currency translation adjustments     (1,433) (1,433) (1,433)
Balance (in Shares) at Dec. 31, 2023 87,500 [1] 45,000              
Balance at Dec. 31, 2023 $ 1 [1] [2] 14,893 1,737 48,222 (3,433) 61,420 0 61,420
Net income (loss) (6,139) (6,139) 19 (6,120)
Ordinary shares issue for cash (in Shares) [1] 351,900              
Ordinary shares issue for cash $ 3 [1] [1] 15,049 15,052 15,052
Share based compensation (Note 15) (in Shares) [1] 10,100              
Share based compensation (Note 15) [1],[2] [1] 3,413 3,413 3,413
Business acquisition     2,364 2,364
Foreign currency translation adjustments   [1] (564) (564) (564)
Balance (in Shares) at Dec. 31, 2024 [1] 449,500 45,000              
Balance at Dec. 31, 2024 $ 4 [1] $ 0 [1],[2] 33,355 1,737 42,083 (3,997) 73,182 2,383 75,565
Net income (loss)     (21,962) (21,962) 175 (21,787)
Ordinary shares issue for cash (in Shares) [1] 15,712,500                
Ordinary shares issue for cash $ 126 [1]   20,317       20,443   20,443
Business acquisition     (2,734)       (2,734) (2,558) (5,292)
Issuance of shares due to roundup of fractional shares in share consolidation [1]                
Issuance of shares due to roundup of fractional shares in share consolidation (in Shares) [1] 54,825                
Ordinary shares issue for debt settlement [1] $ 1 313       314   314
Ordinary shares issue for debt settlement (in Shares) [1] 65,000              
Foreign currency translation adjustments   [1] 1,307 1,307 1,307
Balance (in Shares) at Dec. 31, 2025 16,216,825 [1] 110,000              
Balance at Dec. 31, 2025 $ 130 [1] $ 1 [2] $ 51,251 $ 1,737 $ 20,121 $ (2,690) $ 70,550 $ 0 $ 70,550
[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.