v3.26.1
Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
$ in Thousands
Ordinary shares
Treasury shares
Additional paid-in capital
Non-controlling interests
Retained earnings
Total
Balance at Dec. 31, 2022 [1] $ 15 $ (2,000) $ 1,548 $ 7,276 $ 6,839
Balance (in Shares) at Dec. 31, 2022 [1] 150,000,000          
Balance (in Shares) at Dec. 31, 2022 [1]   204,348        
Net income (loss) 10,495 10,495
Balance at Dec. 31, 2023 $ 15 $ (2,000) 1,548 17,771 17,334
Balance (in Shares) at Dec. 31, 2023 150,000,000          
Balance (in Shares) at Dec. 31, 2023   204,348        
Cumulative effect upon adoption of ASU 2023-08 6,436 6,436
Ordinary shares issued upon Reverse Recapitalization, PIPE Financing, Backstop Financing and Stock Purchase Agreements, net of issuance costs $ 1 57,529 57,530
Ordinary shares issued upon Reverse Recapitalization, PIPE Financing, Backstop Financing and Stock Purchase Agreements, net of issuance costs (in Shares) 13,106,615          
Share-based compensation expense 26,065 26,065
Sales of Treasury Stock $ 2,000 (866) 1,134
Sales of Treasury Stock (in Shares)   (204,348)        
Net income (loss) 53,963 53,963
Balance at Dec. 31, 2024 $ 16 84,276 78,170 $ 162,462 [2]
Balance (in Shares) at Dec. 31, 2024 163,106,615         163,106,615 [2]
Balance (in Shares) at Dec. 31, 2024          
Share-based compensation expense 588 $ 588
Issuance of ordinary shares – at-the-market offering, net of issuance costs $ 1 5,735 5,736
Issuance of ordinary shares – at-the-market offering, net of issuance costs (in Shares) 1,609,742          
Issuance of ordinary shares – business combination 1,426 5,393 6,819
Issuance of ordinary shares – business combination (in Shares) 306,651          
Issuance of ordinary shares –debt extinguishment 5,141 5,141
Issuance of ordinary shares –debt extinguishment (in Shares) 1,590,940          
Net income (loss) 110 (31,252) (31,142)
Balance at Dec. 31, 2025 $ 17 $ 97,166 $ 5,503 $ 46,918 $ 149,604 [2]
Balance (in Shares) at Dec. 31, 2025 166,613,948         166,613,948 [2]
Balance (in Shares) at Dec. 31, 2025          
[1] The share data has been retroactively re-stated to reflect the current capital structure of the Company.
[2] The share and per share data has been retroactively restated to reflect the current capital structure of the Company.