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Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
$ in Thousands
Class A
ordinary shares
Class B
ordinary shares
Additional paid-in capital
Cumulative translation adjustments
Accumulated losses
Total
Balance at Dec. 31, 2020 $ 8 $ 6 $ 220,292 $ (429) $ (163,483) $ 56,394
Balance (in Shares) at Dec. 31, 2020 160,055,640 122,072,980        
Foreign currency translation adjustment (17) (17)
Net income loss for the year (46,041) (46,041)
Share-based compensation 8,757 8,757
Shares issued upon exercise of employee share options 999 $ 999
Shares issued upon exercise of employee share options (in Shares) 1,919,760       1,919,760
Issuance of shares upon vesting of Restricted Shares
Issuance of shares upon vesting of Restricted Shares (in Shares) 3,000,000        
Balance at Dec. 31, 2021 $ 8 $ 6 230,048 (446) (209,524) 20,092
Balance (in Shares) at Dec. 31, 2021 164,975,400 122,072,980        
Foreign currency translation adjustment 2,322 2,322
Net income loss for the year (19,853) (19,853)
Share-based compensation 3,098 3,098
Issuance of ordinary shares for convertible bond 225 225
Issuance of ordinary shares for convertible bond (in Shares) 1,000,000        
Conversion of convertible bond to ordinary shares $ 4 3,403 3,407
Conversion of convertible bond to ordinary shares (in Shares) 76,943,540        
Issuance of shares upon vesting of Restricted Shares
Issuance of shares upon vesting of Restricted Shares (in Shares) 3,767,180        
Balance at Dec. 31, 2022 $ 12 $ 6 236,774 1,876 (229,377) 9,291
Balance (in Shares) at Dec. 31, 2022 246,686,120 122,072,980        
Foreign currency translation adjustment 587 587
Net income loss for the year 2,811 2,811
Share-based compensation 3,314 3,314
Shares issued upon exercise of employee share options 49 $ 49
Shares issued upon exercise of employee share options (in Shares) 97,200       97,200
Issuance of shares upon vesting of Restricted Shares $ 1 $ 1
Issuance of shares upon vesting of Restricted Shares (in Shares) 5,629,400        
Balance at Dec. 31, 2023 $ 13 $ 6 $ 240,137 $ 2,463 $ (226,566) $ 16,053
Balance (in Shares) at Dec. 31, 2023 252,412,720 122,072,980