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Loss Per Share
 12 Months Ended
Dec. 31, 2024
Loss Per Share [Abstract]  
Loss Per Share
25.Loss Per Share

 

Basic and diluted losses per ordinary share for the years ended December 31, 2024, 2023 and 2022 are calculated as follow. Upon the completion of Merger Transaction (see Note 2) and reverse stock split (see Note 29), the basic and diluted weighted average number of ordinary shares outstanding used in computing net loss per ordinary share - basic and diluted was retrospectively adjusted to reflect the share split and reverse stock split for the years ended December 31, 2024, 2023 and 2022, respectively.

 

   As of and for the year ended December 31, 
   2024   2023   2022 
Numerator:            
Net loss from continuing operations attributable to shareholders of the Company   (463,525,349)   (843,053,922)   (742,645,232)
Net income (loss) income from discontinued operations attributable to shareholders of the Company   51,443,794    (33,196,461)   
-
 
Net loss attributable to shareholders of the Company   (412,081,555)   (876,250,383)   (742,645,232)
                
Denominator:               
Basic and diluted weighted average number of ordinary shares   32,444,772    30,837,733    25,619,301 
                
Basic and diluted loss per ordinary share               
Continuing operations   (14.29)   (27.34)   (28.99)
Discontinued operations   1.59    (1.07)   
-
 
Total   (12.70)   (28.41)   (28.99)

 

For the year ended December 31, 2024, 2023 and 2022, the calculation of basic loss per ordinary shares excludes 280,000 unvested Earn-in Shares owned by the Sponsor of SPAC that would only be vested upon the Company’s future share price reaching certain price thresholds.

The following securities were excluded from the computation of diluted net loss per share because their effective would have been anti-dilutive or for which the contingent condition had not been met at the end of the period:

 

   For the Years Ended December 31, 
   2024   2023   2022 
             
Warrants 
-
  
-
   4,580,000 
Earn-out Shares   2,800,000    2,800,000    2,800,000 
Original Option Units   1,309,683    1,654,848    1,643,512 
Additional Option Units   42,509    65,372    74,867 
RSU   855,215    648,427    347,668 
Liability-settled share-based payment to non-employee   40,000    40,000    40,000 
Convertible Senior notes   1,431,308    1,431,308    1,350,408 
Convertible Junior notes   21,149,934    
-
    
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