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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 15,866 $ 33,509
Short-term bank deposits 9,226  
Accounts and note receivables, net 19,487 15,552
Inventories, net 6,379 4,281
Prepaid assets 1,051 1,547
Other current assets 1,513 1,045
Total current assets 54,809 57,221
Property and equipment, net 24,442 23,288
Intangible assets, net 184 205
Right-of-use assets 1,984 489
Land use rights, net 1,479 1,493
Deferred tax assets 5,161 4,695
Long-term certificates of deposit 29,515 23,431
Other assets, noncurrent 2,766 995
Total assets 125,240 116,539
Current liabilities:    
Accounts payable 303 355
Deferred revenue 36 39
Due to related parties 1,288 1,369
CVR excess closing cash payable   1,085
Accrued expenses and other current liabilities 9,553 11,935
Income tax payable 2,842 5,054
Operating lease liabilities, current 694 210
Total current liabilities 14,716 20,047
Operating lease liabilities, noncurrent 1,101 199
Deferred government grants 185 213
CVR derivative liability, noncurrent 4,900 4,722
Warrant liability, noncurrent 5,862 12,835
Other noncurrent liabilities 2 49
Total liabilities 26,766 38,065
Commitments and Contingencies (Note 12)
Stockholders' equity:    
Common stock, $0.001 par value, 400,000,000 shares authorized; 85,769,526 shares and 76,595,616 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 85 77
Additional paid-in capital 134,296 68,179
Statutory reserve 3,098 3,098
Accumulated deficit (73,354) (85,538)
Accumulated other comprehensive loss (946) (1,644)
Total Gyre stockholders' equity (deficit) 63,179 (15,828)
Noncontrolling interest 35,295 29,777
Total equity 98,474 13,949
Total liabilities, convertible preferred stock, and equity 125,240 116,539
GC Biopharma Corp    
Current assets:    
Long-term receivable from GCBP 4,900 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 September 30, 2024 and December 31, 2023, respectively   $ 64,525