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Share Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2024
Share Incentive Plan [Abstract]  
Schedule of Compensation Expense over the Vesting Period for each Separately Vesting Portion of the Awards

The Group measured the fair value of the awards as of the grant date and recognizes the amount as a compensation expense over the vesting period for each separately vesting portion of the awards.

 

               Weighted     
       Weighted   Weighted   Average     
       Average   Average   Remaining   Aggregate 
       Exercise   Grant Fair   Contractual   intrinsic 
   Number of   Price   Value   Life   value 
   awards   $ per share   $ per share   (in years)   $ 
Balances, January 1, 2023   9,510,102    1.82    1.79    8.34    41,218 
Options granted   499,114    2.20    4.47    9.49      
Options forfeited   (50,116)   2.30    5.36    9.51      
Options exercised   
—
    
—
    
—
    
—
      
Balances, December 31, 2023   9,959,100    1.83    1.91    7.44    11,596 
Options granted   136,112    2.04    0.55    9.95      
Options forfeited   (147,925)   2.18    3.85    7.60      
Options expired   (1,700,611)   1.61    1.06    5.98      
Options exercised   (131,268)   1.15    0.98    5.91      
Balances, December 31, 2024   8,115,408    1.89    2.04    6.58    (8,054)
Vested but not exercised as of December 31, 2023   5,400,955    1.75    1.69    7.28      
Vested but not exercised as of December 31, 2024   6,440,613    1.85    1.89    6.50      
Schedule of Inputs to the Model Used The following table lists the inputs to the model used:
   Jan 1,   Apr 1,   July 1,   Oct 1,   Apr 21,   Dec 6,   June 3   Dec 31 
   2022   2022   2022   2022   2023   2023   2024   2024 
Dividend yield (%)   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
Expected volatility (%)   48.73    48.78    48.88    48.82    49.68    49.90    95.24    85.53 
Risk-free interest rate (%)   1.66    2.52    3.03    3.98    3.98    4.30    4.19    4.82 
Expected life of options (year)   10.00    10.00    10.00    10.00    10.00    10.00    10.00    10.00 
Schedule of Restricted Share Granted

The fair value of each restricted share granted with service conditions is estimated based on the fair market value of the underlying ordinary shares of the Company on the date of grant.

 

   Number of   Weighted  
   Restricted shares   Average Grant date 
   Outstanding   Fair Value 
       US$ 
Unvested at December 31, 2023   
—
    
 
 
Granted   935,000    1.74 
Vested   (15,000)   1.82 
Unvested at December 31, 2024   920,000    1.74