v3.26.1
Unaudited Interim Condensed Consolidated Statements of Changes in Equity - USD ($)
Common stock
Treasury shares
Share Premium
Accumulated other comprehensive loss
Accumulated deficit
Total
Balance at Dec. 31, 2024 $ 6,327 [1] $ 85,597,939 $ (7,557,999) $ (139,487,178) $ (61,440,911)
Balance (in Shares) at Dec. 31, 2024 63,272,419          
Balance (in Shares) at Dec. 31, 2024 [1]          
Net loss [1] (10,069,264) (10,069,264)
Compensation of share-based awards to employees [1] 252,836 252,836
Exercise of shared-based awards $ 1,287 [1] 2,887,966 2,889,253
Exercise of shared-based awards (in Shares) 12,874,175          
Exercise of employee share options $ 10 [1] 166,261 166,271
Exercise of employee share options (in Shares) 97,765          
Balance at Mar. 31, 2025 $ 7,624 [1] 88,905,002 (7,557,999) (149,556,442) (68,201,815)
Balance (in Shares) at Mar. 31, 2025 76,244,359          
Balance (in Shares) at Mar. 31, 2025 [1]          
Balance at Dec. 31, 2025 $ 8,604 $ (367,632) [1] 121,762,359 (7,557,999) (180,933,216) (67,087,884)
Balance (in Shares) at Dec. 31, 2025 86,042,726          
Balance (in Shares) at Dec. 31, 2025 [1]   132,524        
Net loss [1] (7,426,566) (7,426,566)
Compensation of share-based awards to employees [2] [1] 263,540 263,540
Exercise of shared-based awards $ 4 [1] 1,958,378 1,958,382
Exercise of shared-based awards (in Shares) 33,590          
Balance at Mar. 31, 2026 $ 8,608 $ (367,632) [1] $ 123,984,277 $ (7,557,999) $ (188,359,782) $ (72,292,528)
Balance (in Shares) at Mar. 31, 2026 86,076,316          
Balance (in Shares) at Mar. 31, 2026 [1]   132,524        
[1] Under the share repurchase program, the Group repurchased 132,524 shares during the year ended December 31, 2025. The treasury shares are accounted for at cost.
[2] Stock-based compensation expense was US$ 263,540 for the three months ended March 31, 2026 (2025: US$ 252,836). Such expense is included within general and administrative expenses. There were no new stock-based awards granted and no modifications of existing awards during the period. The Group continues to recognize compensation expenses related to previously granted awards over the requisite service periods.