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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 29,785 $ 33,509
Short-term bank deposits 7,567  
Accounts and note receivables, net 15,458 15,552
Inventories, net 4,939 4,281
Prepaid assets 1,790 1,547
Other current assets 1,897 1,045
Total current assets 62,723 57,221
Property and equipment, net 23,564 23,288
Intangible assets, net 196 205
Right-of-use assets 359 489
Land use rights, net 1,480 1,493
Deferred tax assets 5,000 4,695
Long-term certificates of deposit 23,106 23,431
Other assets, noncurrent 802 995
Total assets 122,010 116,539
Current liabilities:    
Accounts payable 330 355
Deferred revenue 35 39
Due to related parties 1,362 1,369
CVR excess closing cash payable 422 1,085
Accrued expenses and other current liabilities 10,767 11,935
Income tax payable 6,470 5,054
Operating lease liabilities, current 100 210
Total current liabilities 19,486 20,047
Operating lease liabilities, noncurrent 175 199
Deferred government grants 203 213
CVR derivative liability, noncurrent 4,780 4,722
Warrant liability, noncurrent 8,547 12,835
Other noncurrent liabilities 48 49
Total liabilities 33,239 38,065
Commitments and Contingencies (Note 12)
Stockholders' equity:    
Common stock, $0.001 par value, 400,000,000 shares authorized; 85,423,246 shares and 76,595,616 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 85 77
Additional paid-in capital 133,199 68,179
Statutory reserve 3,098 3,098
Accumulated deficit (78,006) (85,538)
Accumulated other comprehensive loss (1,736) (1,644)
Total Gyre stockholders' equity (deficit) 56,640 (15,828)
Noncontrolling interest 32,131 29,777
Total equity 88,771 13,949
Total liabilities, convertible preferred stock, and equity 122,010 116,539
GC Biopharma Corp    
Current assets:    
Long-term receivable from GCBP 4,780 4,722
GNI    
Current assets:    
Other receivables from GNI $ 1,287 1,287
Convertible Preferred Stock    
Current liabilities:    
Convertible Preferred Stock, $0.001 par value, 5,000,000 shares authorized; nil shares and 13,151 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively   $ 64,525