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Net Loss Per Share | 12 Months Ended
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Dec. 31, 2025
Net Loss Per Share [Abstract] |
NET LOSS PER SHARE | NOTE 22 — NET LOSS PER SHARE The following presents the calculation of basic and diluted loss per share for the years ended December 31, 2025, 2024 and 2023:
|  | 2025 |  |  | 2024 |  |  | 2023 |
Income (loss) from continuing operations attributable to the Company |  | $ | 24,770,704 |  |  | $ | (25,385,426 | ) |  | $ | 4,284,819 |
Preferred shares redemption value accretion |  |  | (21,702,737 | ) |  |  | (495,088,038 | ) |  |  | (340,080,000 | )
Fair value of ordinary shares issued to preferred shareholders |  |  | (513,080,828 | ) |  |  | – |  |  |  | – |
Fair value of ordinary share warrants issued to preferred shareholders |  |  | (15,600,000 | ) |  |  | – |  |  |  | – |
Excess carrying value of preferred shares repurchased |  |  | 38,093,537 |  |  |  | – |  |  |  | – |
Loss from continuing operations attributable to ordinary shareholders |  |  | (487,519,324 | ) |  |  | (520,473,464 | ) |  |  | (335,795,181 | )
Weighted-average shares outstanding - basic and diluted |  |  | 396,999,679 |  |  |  | 138,828,900 |  |  |  | 137,965,591 |
Basic and diluted earnings per share |  | $ | (1.23 | ) |  | $ | (3.75 | ) |  | $ | (2.43 | )
The following table summarizes potential ordinary shares outstanding that were excluded from the calculation of diluted net loss per ordinary share because their effect would have been anti-dilutive:
|  | 2025 |  |  | 2024 |  |  | 2023 |
Options |  |  | 11,163,778 |  |  |  | 32,490,743 |  |  |  | 30,717,331 |
RSAs |  |  | – |  |  |  | 1,295,450 |  |  |  | 2,590,897 |
RSUs |  |  | 3,617,840 |  |  |  | 7,694,426 |  |  |  | 5,006,247 |
Convertible redeemable preferred shares: |  |  |  |  |  |  |  |  |  |  |  |
Series A-1 |  |  | – |  |  |  | 50,997,533 |  |  |  | 50,997,533 |
Series A-2 |  |  | – |  |  |  | 47,849,869 |  |  |  | 47,849,869 |
Series A-3 |  |  | – |  |  |  | 9,503,120 |  |  |  | 9,503,120 |
Series B-1 |  |  | – |  |  |  | 44,047,138 |  |  |  | 44,047,138 |
Series B-2 |  |  | – |  |  |  | 30,539,060 |  |  |  | 30,539,060 |
Series B-3 |  |  | – |  |  |  | 7,054,530 |  |  |  | 7,054,530 |
Series C |  |  | – |  |  |  | 45,971,348 |  |  |  | 45,971,348 |
Series D |  |  | – |  |  |  | 43,548,544 |  |  |  | 39,464,250 |
Total convertible redeemable preferred shares |  |  | – |  |  |  | 279,511,142 |  |  |  | 275,426,850 |
Total potential ordinary shares outstanding |  |  | 14,781,618 |  |  |  | 320,991,761 |  |  |  | 313,741,326 |

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