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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Property and Equipment Useful Life | Property, plant and equipment, other than land and construction in progress, are depreciated using the straight-line method over the estimated useful lives of the respective assets as follows:
| Useful Lives
Building | 20 years
Manufacturing equipment | 3 to 10 years
Laboratory Equipment | 3 to 5 years
Software, Electronic and Office Equipment | 3 to 5 years
Leasehold Improvements | Lesser of useful life or lease term
Property, plant and equipment, net are recorded at cost less accumulated depreciation and consisted of the following:
| As of December 31,
| 2024 |  | 2023
| $ |  | $
Land | 65,485 |  |  | 65,485 |
Building | 607,857 |  |  | 231,656 |
Manufacturing equipment | 244,255 |  |  | 186,856 |
Laboratory equipment | 240,885 |  |  | 205,349 |
Software, electronics and office equipment | 100,348 |  |  | 83,281 |
Leasehold improvements | 64,680 |  |  | 60,124 |
Property and equipment, at cost | 1,323,510 |  |  | 832,751 |
Less: Accumulated depreciation | (399,105) |  |  | (249,212) |
Construction in progress | 654,018 |  |  | 740,615 |
Property, plant and equipment, net | 1,578,423 |  |  | 1,324,154 |
CIP by fixed asset class are summarized as follows:
| As of December 31,
| 2024 |  | 2023
| $ |  | $
Building | 528,629 |  |  | 579,649 |
Manufacturing equipment | 89,897 |  |  | 119,380 |
Laboratory equipment | 9,805 |  |  | 16,135 |
Other | 25,687 |  |  | 25,451 |
Total | 654,018 |  |  | 740,615 |
Schedule of Component of Lease Expense | As of December 31, 2024, the Company held land use rights in the following regions:
| Terms
Guangzhou | 50 years
Beijing | 36 years
Suzhou | 30 years
Shanghai | 47 years
The components of lease expense were as follows:
| Year Ended December 31,
| 2024 |  |  |  | 2023 |  | 2022
| $ |  |  |  | $ |  | $
Operating lease cost | 26,575 |  |  |  |  | 25,978 |  |  | 25,938 |
Variable lease cost | 4,580 |  |  |  |  | 6,101 |  |  | 6,834 |
Short-term lease cost | 2,897 |  |  |  |  | 1,683 |  |  | 1,299 |
Total lease cost | 34,052 |  |  |  |  | 33,762 |  |  | 34,071 |
Other supplemental information related to leases is summarized below:
| Year ended December 31,
| 2024 |  | 2023 |  | 2022
| $ |  | $ |  | $
Operating cash flows used in operating leases | 56,005 |  |  | 27,985 |  |  | 28,064 |
ROU assets obtained in exchange for new operating lease liabilities | 47,066 |  |  | 11,854 |  |  | 22,278 |
| As of December 31,
| 2024 |  | 2023
Weighted-average remaining lease term (years) | 4 |  | 3
Weighted-average discount rate | 5.23 | % |  | 7.22 | %
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following tables set forth assets measured at fair value on a recurring basis as of December 31, 2024 and 2023:
As of December 31, 2024 |  | Quoted Price in Active Market for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
|  | $ |  | $ |  | $
Cash equivalents: |  |  |  |  |  |
Money market funds |  | 950,704 |  |  | — |  |  | — |
Prepaid expenses and other current assets: |  |  |  |  |  |
Convertible debt instrument |  | — |  |  | — |  |  | 618 |
Other non-current assets: |  |  |  |  |  |
Equity securities with readily determinable fair values |  | 2,113 |  |  | 168 |  |  | — |
Convertible debt instrument |  | — |  |  | — |  |  | 4,616 |
Total |  | 952,817 |  |  | 168 |  |  | 5,234 |
As of December 31, 2023 |  | Quoted Price in Active Market for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
|  | $ |  | $ |  | $
Cash equivalents |  |  |  |  |  |
Money market funds |  | 1,052,149 |  |  | — |  |  | — |
Prepaid expenses and other current assets: |  |  |  |  |  |
U.S. Treasury securities |  | 2,600 |  |  | — |  |  | — |
Convertible debt instrument |  | — |  |  | — |  |  | 4,668 |
Other non-current assets: |  |  |  |  |  |
Equity securities with readily determinable fair values |  | 3,046 |  |  | 542 |  |  | — |
Convertible debt instrument |  | — |  |  | — |  |  | 4,215 |
Total |  | 1,057,795 |  |  | 542 |  |  | 8,883 |

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