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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 237,484 $ 279,177
Investment securities 200 307
Accounts receivable, net 2,630 809
Inventories 33,011 32,875
Other receivables, net 150,281 79,970
Amount due from related parties 9,837 39,582
Intangible assets 29,873 21,396
Tax recoverable 1,823 1,279
Total current assets 465,139 455,395
Non-current assets:    
Operating lease, right-of-use asset 377
Property, plant and equipment, net 17,143 28,048
Goodwill 72 72
Total non-current assets 17,215 28,497
Total assets 482,354 483,892
Current liabilities:    
Accrued liabilities 21,498 15,192
Accounts payable 12,511 36,740
Amount due to related parties 642 1,641
Operating lease liabilities 377
Tax payable 169 77
Other payables 11,844 7,492
Total current liabilities 46,664 61,519
Total non-current liabilities
Total liabilities 46,664 61,519
Shareholders’ equity Ordinary shares, $0.001 par value, 6,000,000,000 shares authorized, 444,677,724 Class A shares and 24,481,451 Class B shares issued and outstanding as of December 31, 2024. 6,099,608,450 Class A shares and 698,562,525 Class B shares issued and outstanding as of December 31, 2023, respectively 2,191 665
Statutory Reserve 161 161
Additional paid-in capital 761,391 730,345
Accumulated deficit (290,261) (276,672)
Accumulated other comprehensive loss (31,557) (28,512)
Non-controlling interests (6,235) (3,614)
Total shareholders’ equity 435,690 422,373
Total liabilities and shareholders’ equity 482,354 483,892
Related Party    
Current assets:    
Amount due from related parties 9,837 39,582
Current liabilities:    
Amount due to related parties $ 642 $ 1,641