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Net Loss Per Share

12 Months Ended

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