v3.25.4
Consolidated Statements of Changes in Stockholders’ (Deficit) Equity - USD ($)
$ in Thousands
preferred stock
Series A-1
preferred stock
Series B
Common stock to be issued
Preferred stock to be issued
Series A-1
Additional paid-in capital
Common stock held in escrow
Accumulated other comprehensive loss
Accumulated deficit
Retained Earnings [Member]
Total
Balance at Dec. 31, 2022     $ 28   $ 1   $ 43,902 $ (385) $ (16,395) $ 27,151
Balance (in Shares) at Dec. 31, 2022 [1]     28,261,757   806,068          
Issuance of common stock to settle finder fee     $ 1       3,999   4,000
Issuance of common stock to settle finder fee (in Shares) [1]     1,052,446            
Issuance of holdback shares     $ 1   $ (1)    
Issuance of holdback shares (in Shares) [1]     806,068   (806,068)          
Issuance of common stock and warrants for private placement         $ 1   1,849   1,850
Issuance of common stock and warrants for private placement (in Shares) [1]       1,279,688          
Issuance of common stock for commitment fee             276   276
Issuance of common stock for commitment fee (in Shares) [1]     290,475            
Stock-based compensation     $ 3   $ 1   11,523   11,527
Stock-based compensation (in Shares) [1]     2,830,245   1,070,393          
Forgiveness of amount due to the stockholder             12,593   12,593
Forgiveness of amount due to the stockholder (in Shares) [1]                
Foreign currency translation adjustment             (88)   (88)
Foreign currency translation adjustment (in Shares) [1]                
Net loss for the year             (49,206) (49,206)
Net loss for the year [1]                
Balance at Dec. 31, 2023 $ 33 [1] $ 2 74,142 (473) (65,601) 8,103 [2]
Balance (in Shares) at Dec. 31, 2023 33,240,991 [1]   2,350,081 [1]          
Issuance of common stock to settle finder fee $ 1 402 403
Issuance of common stock to settle finder fee (in Shares) 484,125 [1]            
Issuance of common stock and warrants for private placement $ 3 [1] $ (2) (490) (489)
Issuance of common stock and warrants for private placement (in Shares) 3,557,932 [1]   (2,139,252) [1]          
Issuance of common stock to independent directors [3] 1,018 1,018
Issuance of common stock to independent directors (in Shares) 290,475 [1]            
Stock-based compensation to consultants $ 3 [1] $ 10 10,347 10,360
Stock-based compensation to consultants (in Shares) 3,157,068 [1]   9,682,500 [1]          
Stock-based compensation to directors, officers, and employees   $ 10 [1] $ 5 67,103 67,118
Stock-based compensation to directors, officers, and employees (in Shares) 9,553,558 [1]   5,129,382 [1]          
Shares issued for Investment H $ 4 18,453 18,457
Shares issued for Investment H (in Shares) 3,558,319 [1]            
Issuance of common stock for commitment fee [3] 1,441 1,441
Issuance of common stock for commitment fee (in Shares) 480,426 [1]            
Issuance of Series A-1, Series B preferred stocks and common stocks, replacement warrants and Series A-1 preferred stocks to be issued in related to the Merger Transaction $ 12 [3] $ 84 $ 12   $ 24 785,601     785,733
Issuance of Series A-1, Series B preferred stocks and common stocks, replacement warrants and Series A-1 preferred stocks to be issued in related to the Merger Transaction (in Shares) 11,801,804 30,851 83,468,631 [1] 11,801,804   24,206,246        
Settlement of payables with common stock held in escrow [3]            
Settlement of payables with common stock held in escrow (in Shares) 183,815 [1]     (183,815)        
Fractional shares from forward and reverse splits [3]        
Fractional shares from forward and reverse splits (in Shares) 168,477 [1]            
Foreign currency translation adjustment         (75)   (75)
Foreign currency translation adjustment (in Shares)                  
Net loss for the year         (1,138,036) (1,138,036)
Net loss for the year                   (1,138,000)
Balance at Dec. 31, 2024 $ 12 [3] $ 138 $ 12 [1] $ 15 $ 24 $ 958,017 $ (548) $ (1,203,637) $ (245,967) [2]
Balance (in Shares) at Dec. 31, 2024 11,801,804 30,851 138,143,817 [1] 11,801,804 15,022,711 [1] 24,022,431        
[1] Giving retroactive effect to the forward stock split and reverse stock split (see Note 19)
[2] Giving retroactive effect to the AGBA Domestication completed on October 15, 2024 (see Note 1)
[3] Less than $1,000