v3.26.1
Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
Ordinary Shares
Class A
Ordinary Shares
Class B
Treasury Share Reserve
Additional Paid-in-Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Total Shareholders' Equity
Noncontrolling Interest
Class A
Total
Balance at Dec. 31, 2024 $ 1,393 $ (2,241,054,086) $ (15,195,946) $ (2,256,248,639) $ 1,273,088   $ (2,254,975,551)
Balance (in Shares) at Dec. 31, 2024 139,307,224                
Balance (in Shares) at Dec. 31, 2024     (4,224,356)              
Preferred shares redemption value accretion (8,069,045) (13,633,692) (21,702,737)   (21,702,737)
Share-based compensation 8,069,045 8,069,045   8,069,045
Net loss attributable to the Company 13,085,807 13,085,807   13,085,807
Net loss attributable to noncontrolling interest (146,720)   (146,720)
Foreign currency translation adjustment, net of $0 income taxes 1,769,776 1,769,776 (28,127)   1,741,649
Balance at Mar. 31, 2025 $ 1,393 (2,241,601,971) (13,426,170) (2,255,026,748) 1,098,241   (2,253,928,507)
Balance (in Shares) at Mar. 31, 2025 139,307,224                
Balance (in Shares) at Mar. 31, 2025     (4,224,356)              
Balance at Dec. 31, 2024 $ 1,393 (2,241,054,086) (15,195,946) (2,256,248,639) 1,273,088   (2,254,975,551)
Balance (in Shares) at Dec. 31, 2024 139,307,224                
Balance (in Shares) at Dec. 31, 2024     (4,224,356)              
Preferred shares redemption value accretion                   $ (21,702,737)
Option exercised (in Shares)                  
Repurchase of preferred shares                   $ 38,093,537
Net loss attributable to the Company                   (15,188,220)
Net loss attributable to noncontrolling interest                   (257,639)
Foreign currency translation adjustment, net of $0 income taxes                   10,954,020
Balance at Jun. 30, 2025 $ 4,012 $ 830 2,987,559,282 (2,231,782,461) (4,226,213) 751,555,450 999,736   752,555,186
Balance (in Shares) at Jun. 30, 2025 401,072,472 82,988,016                
Balance (in Shares) at Jun. 30, 2025     (527,147)              
Balance at Mar. 31, 2025 $ 1,393 (2,241,601,971) (13,426,170) (2,255,026,748) 1,098,241   (2,253,928,507)
Balance (in Shares) at Mar. 31, 2025 139,307,224                
Balance (in Shares) at Mar. 31, 2025     (4,224,356)              
Preferred shares redemption value accretion                  
Issuances of vested restricted stock awards $ 37 (37)  
Issuances of vested restricted stock awards (in Shares) 3,697,209   3,697,209              
Share-based compensation 26,969,402 26,969,402   26,969,402
Conversion of preferred shares to ordinary shares $ 2,694 2,745,355,239 2,745,357,933   2,745,357,933
Conversion of preferred shares to ordinary shares (in Shares) 269,381,830                  
Redesignation of ordinary shares $ (830) $ 830  
Redesignation of ordinary shares (in Shares) (82,988,016) 82,988,016                
Issuance of ordinary shares to SKGR shareholders $ 59 (59)  
Issuance of ordinary shares to SKGR shareholders (in Shares) 5,852,239                  
Issuance of ordinary shares to settle accounts payable $ 1 1,442,999 1,443,000   1,443,000
Issuance of ordinary shares to settle accounts payable (in Shares) 100,000                  
Private warrants exercised $ 18 (18)  
Private warrants exercised (in Shares) 1,777,844                  
Incentive warrants exercised $ 205 204,539,245 204,539,450   204,539,450
Incentive warrants exercised (in Shares) 20,453,945                  
Public warrants exercised $ 8 9,252,938 9,252,946   9,252,946
Public warrants exercised (in Shares) 804,604                  
Repurchase of preferred shares 38,093,537 38,093,537   38,093,537
Net loss attributable to the Company (28,274,027) (28,274,027)   (28,274,027)
Net loss attributable to noncontrolling interest (110,919)   (110,919)
Issuance of incentive shares to preferred shareholders $ 427 (427)  
Issuance of incentive shares to preferred shareholders (in Shares) 42,685,593                  
Foreign currency translation adjustment, net of $0 income taxes 9,199,957 9,199,957 12,414   9,212,371
Balance at Jun. 30, 2025 $ 4,012 $ 830 2,987,559,282 (2,231,782,461) (4,226,213) 751,555,450 999,736   752,555,186
Balance (in Shares) at Jun. 30, 2025 401,072,472 82,988,016                
Balance (in Shares) at Jun. 30, 2025     (527,147)              
Balance at Dec. 31, 2025 $ 4,396 $ 839 3,192,952,827 (2,178,189,845) 1,524,496 1,016,292,713 187,234   $ 1,016,479,947
Balance (in Shares) at Dec. 31, 2025 439,591,284 83,859,005                
Balance (in Shares) at Dec. 31, 2025     (1,124,485)             1,124,485
Delivery of ordinary shares underlying vested RSUs $ 26 (26)  
Delivery of ordinary shares underlying vested RSUs (in Shares) 2,636,342                  
Option exercised $ 44 600,095 600,139   600,139
Option exercised (in Shares) 4,426,086                
Issuances of vested restricted stock awards $ 2 (2)  
Issuances of vested restricted stock awards (in Shares) 210,000   210,000              
Share-based compensation 17,201,576 17,201,576   17,201,576
Net loss attributable to the Company (21,722,730) (21,722,730)   (21,722,730)
Net loss attributable to noncontrolling interest (15,142)   (15,142)
Foreign currency translation adjustment, net of $0 income taxes 5,682,637 5,682,637 (4,002)   5,678,635
Balance at Mar. 31, 2026 $ 4,468 $ 839 3,210,754,470 (2,199,912,575) 7,207,133 1,018,054,335 168,090   1,018,222,425
Balance (in Shares) at Mar. 31, 2026 446,863,712 83,859,005                
Balance (in Shares) at Mar. 31, 2026     (914,485)              
Balance at Dec. 31, 2025 $ 4,396 $ 839 3,192,952,827 (2,178,189,845) 1,524,496 1,016,292,713 187,234   $ 1,016,479,947
Balance (in Shares) at Dec. 31, 2025 439,591,284 83,859,005                
Balance (in Shares) at Dec. 31, 2025     (1,124,485)             1,124,485
Preferred shares redemption value accretion                  
Treasury shares (in Shares)                 (1,738,203)  
Repurchase of preferred shares                  
Net loss attributable to the Company                   2,641,594
Net loss attributable to noncontrolling interest                   (36,077)
Foreign currency translation adjustment, net of $0 income taxes                   10,282,063
Balance at Jun. 30, 2026 $ 4,459 $ 839 3,207,257,664 (2,175,548,251) 11,817,455 1,043,532,166 140,261   $ 1,043,672,427
Balance (in Shares) at Jun. 30, 2026 445,905,406 83,859,005                
Balance (in Shares) at Jun. 30, 2026     (864,485)             864,485
Balance at Mar. 31, 2026 $ 4,468 $ 839 3,210,754,470 (2,199,912,575) 7,207,133 1,018,054,335 168,090   $ 1,018,222,425
Balance (in Shares) at Mar. 31, 2026 446,863,712 83,859,005                
Balance (in Shares) at Mar. 31, 2026     (914,485)              
Preferred shares redemption value accretion                  
Delivery of ordinary shares underlying vested RSUs $ 1 (1)  
Delivery of ordinary shares underlying vested RSUs (in Shares) 120,596                  
Option exercised $ 7 83,103 83,110   83,110
Option exercised (in Shares) 691,886                  
Issuances of vested restricted stock awards $ 1 (1)  
Issuances of vested restricted stock awards (in Shares) 50,000 50,000              
Treasury shares $ (10,985,121) (10,985,121)   (10,985,121)
Treasury shares (in Shares) (1,820,788) (1,820,788)              
Treasury shares cancelled $ (18) $ 10,985,121 (10,985,103)  
Treasury shares cancelled (in Shares) 1,820,788              
Share-based compensation 17,135,196 17,135,196   17,135,196
Prepaid written put option (9,730,000) (9,730,000)   (9,730,000)
Repurchase of preferred shares                  
Net loss attributable to the Company 24,364,324 24,364,324   24,364,324
Net loss attributable to noncontrolling interest (20,935)   (20,935)
Foreign currency translation adjustment, net of $0 income taxes 4,610,322 4,610,322 (6,894)   4,603,428
Balance at Jun. 30, 2026 $ 4,459 $ 839 $ 3,207,257,664 $ (2,175,548,251) $ 11,817,455 $ 1,043,532,166 $ 140,261   $ 1,043,672,427
Balance (in Shares) at Jun. 30, 2026 445,905,406 83,859,005                
Balance (in Shares) at Jun. 30, 2026     (864,485)             864,485