XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 16,097 $ 33,509
Short-term bank deposits 9,003  
Accounts and note receivables, net 18,622 15,552
Inventories, net 5,635 4,281
Prepaid assets 1,153 1,547
Other current assets 1,722 1,045
Total current assets 53,519 57,221
Property and equipment, net 23,672 23,288
Intangible assets, net 186 205
Right-of-use assets 2,097 489
Land use rights, net 1,464 1,493
Deferred tax assets 5,075 4,695
Long-term certificates of deposit 28,799 23,431
Other assets, noncurrent 1,278 995
Total assets 120,929 116,539
Current liabilities:    
Accounts payable 271 355
Deferred revenue 57 39
Due to related parties 1,484 1,369
CVR excess closing cash payable 328 1,085
Accrued expenses and other current liabilities 10,513 11,935
Income tax payable 2,262 5,054
Operating lease liabilities, current 659 210
Total current liabilities 15,574 20,047
Operating lease liabilities, noncurrent 1,297 199
Deferred government grants 192 213
CVR derivative liability, noncurrent 4,839 4,722
Warrant liability, noncurrent 5,634 12,835
Other noncurrent liabilities 47 49
Total liabilities 27,583 38,065
Commitments and Contingencies (Note 12)
Stockholders' equity:    
Common stock, $0.001 par value, 400,000,000 shares authorized; 85,537,774 shares and 76,595,616 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 85 77
Additional paid-in capital 133,656 68,179
Statutory reserve 3,098 3,098
Accumulated deficit (74,478) (85,538)
Accumulated other comprehensive loss (2,010) (1,644)
Total Gyre stockholders' equity (deficit) 60,351 (15,828)
Noncontrolling interest 32,995 29,777
Total equity 93,346 13,949
Total liabilities, convertible preferred stock, and equity 120,929 116,539
GC Biopharma Corp    
Current assets:    
Long-term receivable from GCBP 4,839 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 June 30, 2024 and December 31, 2023, respectively   $ 64,525