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Condensed Consolidated Statements of Convertible Preferred Stock and Equity (Unaudited) - USD ($)
$ in Thousands
Total
Convertible Preferred Stock
Common Stock
Additional Paid-In Capital
Statutory Reserve
Accumulated Deficit
Accumulated Other Comprehensive Loss
Total Gyre Stockholders' (Deficit) Equity
Non-controlling Interest
Balance at Dec. 31, 2022 $ 72,217   $ 64 $ 32,795 $ 2,660 $ 7,395 $ (392) $ 42,522 $ 29,695
Balance (in shares) at Dec. 31, 2022     63,588,119            
Foreign currency translation adjustments 898           503 503 395
Net income 4,217         2,244   2,244 1,973
Balance at Mar. 31, 2023 77,332   $ 64 32,795 2,660 9,639 111 45,269 32,063
Balance (in shares) at Mar. 31, 2023     63,588,119            
Balance at Dec. 31, 2023 13,949   $ 77 68,179 3,098 (85,538) (1,644) (15,828) 29,777
Balance (in shares) at Dec. 31, 2023     76,595,616            
Temporary Equity, Balance at Dec. 31, 2023   $ 64,525              
Temporary Equity, Balance (in shares) at Dec. 31, 2023   13,151              
Stock-based compensation expense 11     11       11  
Stock options exercised $ 492     492       492  
Stock options exercised (in shares) 60,297   60,297            
Convertible preferred stock conversion $ 64,525   $ 8 64,517       64,525  
Convertible preferred stock conversion (in shares)     8,767,333            
Temporary Equity, Convertible preferred stock conversion   $ (64,525)              
Temporary Equity, Convertible preferred stock conversion (in shares)   (13,151)              
Foreign currency translation adjustments (141)           (92) (92) (49)
Net income 9,935         7,532   7,532 2,403
Balance at Mar. 31, 2024 $ 88,771   $ 85 $ 133,199 $ 3,098 $ (78,006) $ (1,736) $ 56,640 $ 32,131
Balance (in shares) at Mar. 31, 2024     85,423,246            
Temporary Equity, Balance (in shares) at Mar. 31, 2024