v3.26.1
Share Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share Based Compensation [Abstract]  
Schedule of Fair Values of Option Granted

A summary of share options activity for the year ended December 31, 2025 is as follows:

 

           Weighted     
       Weighted   Average     
   Number of   Average   Remaining   Aggregate 
   Share   Exercise Price   Contractual   Intrinsic 
   Options   US$   Years   Value US$ 
Outstanding at December 31, 2024   2,374,240    0.07    6.67    311 
Granted   120,000    0.01        
 
Exercised   (665,740)   0.06        
 
Forfeited   (1,828,500)   0.02        
 
Outstanding at December 31, 2025   
    
        
 
Vested and expected to vest as of December 31, 2025   
    
        
 
Exercisable as of December 31, 2025   
    
        
 
Schedule of Assumptions Used in Valuation Model

The Company calculated the fair value of the share options on the grant date using the Binomial option-pricing valuation model. The assumptions used in the valuation model are summarized in the following table.

 

   Year Ended December 31, 
   2023   2024   2025 
Expected volatility   77.77%   78.77%   78.77%
Expected dividends yield   0%   0%   0%
Exercise multiple   2.8    2.8    2.8 
Risk-free interest rate per annum   4.10%   4.05%   4.05%
The fair value of underlying ordinary shares (per share)   US$0.92    US$0.20    US$0.14 
Schedule of Fair Values of Option Granted

The fair values of the options granted for the years ended December 31, 2023, 2024 and 2025 are as follows:

 

   Year Ended December 31, 
   2023   2024   2025 
   US$   US$   US$ 
Weighted average grant date fair value of option per share   0.92    0.21    0.71 
Aggregate grant date fair value of options   184    191    85
Schedule of Non-Vested Shares Activity

A summary of the non-vested shares activity under the 2014 Share Plan and the 2024 Share Plan for the year ended December 31, 2025 is summarized as follows:

 

       Weighted Average 
   Number of Non-
vested Shares
   Grant Date
Fair Value
 
       US$ 
Outstanding as of December 31, 2024   121,860    0.65 
Granted   
    
 
Vested   (120,195)   0.45 
Forfeited   (1,665)   14.47 
Outstanding as of December 31, 2025