v3.25.4
Parent Only Financial Information - Schedule of Condensed Balance Sheets (Details) - Parent Company [Member] - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 3 $ 130
Amounts due from stockholder 133
Promissory notes receivable, related party 33,949
Prepayments 155 453
Total current assets 100,195 1,625
Investments in subsidiaries 785,733
Total non-current assets 785,733
TOTAL ASSETS 885,928 1,625
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Other payable and accrued liabilities 8,930 3,739
Borrowings 32,552  
Borrowings, related party 18,443
Warrant liabilities 977
Total current liabilities 60,902 3,739
TOTAL LIABILITIES 60,902 3,739
Commitments and contingencies (Note 25)
Stockholders’ equity (deficit)*:    
Preferred stock, value [1]
Common stock, $0.001 par value; 150,000,000,000 and 484,125,000 shares authorized, 138,143,817 and 33,240,991 shares issued and outstanding as of December 31, 2024 and 2023, respectively# [1],[2] 138 69
Series A-1 preferred stock to be issued [1] 12
Common stock to be issued [1] 15 5
Common stock reserved [1] 24
Additional paid-in capital [1] 909,806 19,507
Accumulated deficit [1] (84,981) (21,695)
Total stockholders’ equity (deficit) [1] 825,026 (2,114)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 885,928 1,625
Related Party    
ASSETS    
Amounts due from subsidiaries 66,088 909
Series A-1 Preferred Stock    
Stockholders’ equity (deficit)*:    
Preferred stock, value [1] 12
Series B Preferred Stock    
Stockholders’ equity (deficit)*:    
Preferred stock, value [1] [3]
[1] Giving retroactive effect to the AGBA Domestication completed on October 15, 2024 (see Note 1)
[2] Giving retroactive effect to the forward stock split and reverse stock split (see Note 19)
[3] Less than $1,000