v3.26.1
Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equty (Deficit) - USD ($)
$ in Thousands
Class A
Ordinary shares
Class B
Ordinary shares
Subscription receivables
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive loss
Total Company’s (deficit) equity
Non- controlling interests
Total
Balance at Dec. 31, 2024 $ 4 $ 26 $ 678,528 $ (737,049) $ (4,105) $ (62,596) $ (3,971) $ (66,567)
Balance (in Shares) at Dec. 31, 2024 [1] 1,817,501 12,792,484              
Net income (loss) (2,236) (2,236) (115) (2,351)
Foreign currency translation (242) (242) (55) (297)
Contribution from shareholders  
Balance at Jun. 30, 2025 $ 4 $ 26 678,528 (739,285) (4,347) (65,074) (4,141) (69,215)
Balance (in Shares) at Jun. 30, 2025 [1] 1,817,501 12,792,484              
Balance at Dec. 31, 2025 $ 4 $ 33 798,241 (904,391) (5,675) (111,788) (4,327) (116,115)
Balance (in Shares) at Dec. 31, 2025 [1] 1,817,501 16,718,224              
Net income (loss) 46,682 46,682 (26) 46,656
Foreign currency translation (1,531) (1,531) (97) (1,628)
Share-based compensation $ 14 $ 18 31,179 31,211   31,211
Share-based compensation (in Shares) [1] 7,000,000 8,910,756              
Conversion of convertible notes $ 10 13,588 13,598   13,598
Conversion of convertible notes (in Shares) [1] 4,786,414              
Disposal of the ICONIQ and its subsidiaries 7,799 7,799 4,461 12,260
Issuance of Class B ordinary shares for acquisition of Neurovia AI Limited $ 208 68,392 68,600   68,600
Issuance of Class B ordinary shares for acquisition of Neurovia AI Limited (in Shares) [1] 104,097,957              
Issuance of Class B ordinary shares for acquisition of QC Capital Limited $ 41 38,694 38,735   38,735
Issuance of Class B ordinary shares for acquisition of QC Capital Limited (in Shares) [1] 20,491,805              
Issuance of Class B ordinary shares for acquisition of factory usage rights $ 1 294 295   295
Issuance of Class B ordinary shares for acquisition of factory usage rights (in Shares) [1] 500,000              
Issuance of Class B ordinary shares for debt extinguishment 72 72   72
Issuance of Class B ordinary shares for debt extinguishment (in Shares) [1] 122,721              
Issuance of Class B ordinary shares under Equity Purchase Facility $ 5 2,104 2,109 2,109
Issuance of Class B ordinary shares under Equity Purchase Facility (in Shares) [1] 2,500,000              
Balance at Jun. 30, 2026 $ 18 $ 316 $ 952,564 $ (857,709) $ 593 $ 95,782 $ 11 $ 95,793
Balance (in Shares) at Jun. 30, 2026 [1] 8,817,501 158,127,877              
[1] Retrospectively restated for effect of reverse stock split effective on April 6, 2026 (see Note 17).