Short-term loans and current portion of long-term loans
2,948
2,899
1,259,813
906,026
Accrued expenses and other current liabilities
10,623,412
9,397,504
8,348,095
5,221,917
Contract liabilities
5,679,876
4,422,293
3,021,544
3,699,047
Operating lease liabilities, current
890,338
1,458,172
1,434,441
3,240,088
Convertible promissory notes
2,623,377
3,721,325
3,955,897
7,466,000
Deferred government grant, current
113,761
111,899
110,378
108,426
Amounts due to a related party
569,062
554,217
889,675
873,575
Liabilities held for sale, current
0
2,063,698
2,103,088
2,121,321
Total current liabilities
25,163,086
26,579,175
26,655,494
27,353,831
Long-term loans
3,537,162
3,041,461
1,214,054
0
Deferred tax liabilities
4,159
127,076
142,312
155,191
Deferred government grant, non-current
1,734,861
1,734,441
1,738,449
1,734,810
Derivative liability - investor warrant
-
-
0
0
Derivative liability - placement agent warrant
3,456,285
3,456,763
3,457,055
3,456,913
Operating lease liabilities, non-current
543,331
680,667
841,449
3,866,042
Total non-current liabilities
9,275,798
9,040,408
7,393,319
9,212,956
Total liabilities
34,438,884
35,619,583
34,048,813
36,566,787
Common stock (0.0001 par value 3,000,000,000 shares authorized 2,465,452 and 1,465,214 shares issued and outstanding as of june 30, 2026 and december 31, 2025, respectively)
247
147
147
0
Additional paid in capital
442,335,208
438,405,308
437,740,047
424,686,055
Accumulated deficit
-406,348,978
-395,780,186
-391,872,087
-341,140,278
Accumulated other comprehensive loss
-2,046,269
-5,078,560
-5,585,439
-7,513,347
Total equity attributable to shareholders
33,940,208
37,546,709
40,282,668
76,032,430
Non-controlling interests
39,084
84,163
97,809
110,522
Total equity
33,979,292
37,630,872
40,380,477
76,142,952
Total liabilities and equity
68,418,176
73,250,455
74,429,290
112,709,739
Unit: Dollar. Numbers labeled with * are estimated quarterly values.
Time Plot
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