Borrowing	12 Months Ended
Dec. 31, 2024
Subordinated Borrowings [Abstract]
Borrowing	NOTE 6. BORROWING In 2020, AnHeart entered into loan agreements with Bank of Hangzhou to obtain short-term borrowings to supplement its working capital. As of December 31, 2024, the outstanding balance net of repayments was $5.6 million. For the year ended December 31, 2024, the Company had drawn down $12.6 million and repaid $12.6 million. The fixed interest rate of these borrowings is 3.50% to 4.05% per annum. In 2022, AnHeart entered into loan agreements with China Merchants Bank to obtain short-term borrowings to supplement its working capital. As of December 31, 2024, the outstanding balance was nil. For the year ended December 31, 2024, the Company repaid $2.8 million. The fixed interest rate of these borrowings was 3.90% per annum. On April 4, 2023, AnHeart entered into a Loan and Security Agreement ("2023 SSVB Agreement") with Shanghai Pudong Development Bank in Silicon Valley for up to 40.0 million RMB or equivalent in optional currency USD term loans ("SSVB Loan"). The SSVB Loan consists of a short-term working capital loan of 20 million RMB and a long-term loan of 20 million RMB, which matures on April 4, 2024 and April 4, 2025 respectively, at which time all outstanding balances are due. Draws on the line of credit for the short-term loans are payable on the maturity date of the SSVB Loan. Draws on the line of credit for the long-term loans are payable in equal instalments monthly over the shorter of 24 months or from the date the draw took place till the SSVB loan matures. Outstanding balances will bear interest at a fixed rate of 4.25%. As of December 31, 2024, the outstanding line of credit balance net of repayments was $0.7 million. For the year ended December 31, 2024, the Company repaid $1.7 million.

Borrowing

12 Months Ended

Dec. 31, 2024

NOTE 6. BORROWING

In 2020, AnHeart entered into loan agreements with Bank of Hangzhou to obtain short-term borrowings to supplement its working capital. As of December 31, 2024, the outstanding balance net of repayments was $5.6 million. For the year ended December 31, 2024, the Company had drawn down $12.6 million and repaid $12.6 million. The fixed interest rate of these borrowings is 3.50% to 4.05% per annum.

In 2022, AnHeart entered into loan agreements with China Merchants Bank to obtain short-term borrowings to supplement its working capital. As of December 31, 2024, the outstanding balance was nil. For the year ended December 31, 2024, the Company repaid $2.8 million. The fixed interest rate of these borrowings was 3.90% per annum.

On April 4, 2023, AnHeart entered into a Loan and Security Agreement ("2023 SSVB Agreement") with Shanghai Pudong Development Bank in Silicon Valley for up to 40.0 million RMB or equivalent in optional currency USD term loans ("SSVB Loan"). The SSVB Loan consists of a short-term working capital loan of 20 million RMB and a long-term loan of 20 million RMB, which matures on April 4, 2024 and April 4, 2025 respectively, at which time all outstanding balances are due. Draws on the line of credit for the short-term loans are payable on the maturity date of the SSVB Loan. Draws on the line of credit for the long-term loans are payable in equal instalments monthly over the shorter of 24 months or from the date the draw took place till the SSVB loan matures. Outstanding balances will bear interest at a fixed rate of 4.25%. As of December 31, 2024, the outstanding line of credit balance net of repayments was $0.7 million. For the year ended December 31, 2024, the Company repaid $1.7 million.