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Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
$ in Thousands
Ordinary Shares
Share Premium
Series A convertible preferred shares
Share based payments reserve
Exchange fluctuation reserve
Accumulated deficit
Total
Balance at Dec. 31, 2021 $ 4 $ 6,415 $ 10,980 $ 7,606 $ (1,002) $ (209,431) $ (185,428)
Loss for the period (58,790) (58,790)
Exchange differences on translation of the financial statements of subsidiaries (3,157) (3,157)
Share-based payments 6,082 6,082
Balance at Dec. 31, 2022 4 6,415 10,980 13,688 (4,159) (268,221) (241,293)
Loss for the period (109,228) (109,228)
Exchange differences on translation of the financial statements of subsidiaries (82) (82)
Issuance of ordinary shares 1 91,779 91,780
Conversion of Financial liabilities at FVTPL 5 329,534   329,539
Conversion of Series A convertible preferred shares 1 10,979 (10,980)      
Share-based payments 4,330 4,330
Balance at Dec. 31, 2023 11 438,707 18,018 (4,241) (377,449) 75,046
Loss for the period (51,869) (51,869)
Exchange differences on translation of the financial statements of subsidiaries (294)   (294)
Issuance of ordinary shares
Vesting of restricted shares   28   (28)  
Exercise of share options 281 (129) 152
Share-based payments 2,450 2,450
Balance at Dec. 31, 2024 $ 11 $ 439,016 $ 20,311 $ (4,535) $ (429,318) $ 25,485