XML 13 R5.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Convertible Preferred Stock and Equity (Unaudited) - USD ($)
$ in Thousands
Total
Convertible Preferred Stock
Common Stock
Additional Paid-In Capital
Statutory Reserve
Accumulated Deficit
Accumulated Other Comprehensive Loss
Total Gyre Stockholders' (Deficit) Equity
Non-controlling Interest
Balance at Dec. 31, 2022 $ 72,217   $ 64 $ 32,795 $ 2,660 $ 7,395 $ (392) $ 42,522 $ 29,695
Balance (in shares) at Dec. 31, 2022     63,588,119            
Foreign currency translation adjustments 898           503 503 395
Net income 4,217         2,244   2,244 1,973
Balance at Mar. 31, 2023 77,332   $ 64 32,795 2,660 9,639 111 45,269 32,063
Balance (in shares) at Mar. 31, 2023     63,588,119            
Foreign currency translation adjustments (3,634)           (2,026) (2,026) (1,608)
Net income 3,770         1,853   1,853 1,917
Balance at Jun. 30, 2023 77,468   $ 64 32,795 2,660 11,492 (1,915) 45,096 32,372
Balance (in shares) at Jun. 30, 2023     63,588,119            
Foreign currency translation adjustments 340           187 187 153
Net income 7,510         3,976   3,976 3,534
Balance at Sep. 30, 2023 85,318   $ 64 32,795 2,660 15,468 (1,728) 49,259 36,059
Balance (in shares) at Sep. 30, 2023     63,588,119            
Balance at Dec. 31, 2023 13,949   $ 77 68,179 3,098 (85,538) (1,644) (15,828) 29,777
Balance (in shares) at Dec. 31, 2023     76,595,616            
Temporary Equity, Balance at Dec. 31, 2023   $ 64,525              
Temporary Equity, Balance (in shares) at Dec. 31, 2023   13,151              
Stock-based compensation expense 11     11       11  
Stock options exercised 492     492       492  
Stock options exercised (in shares)     60,297            
Convertible preferred stock conversion 64,525   $ 8 64,517       64,525  
Convertible preferred stock conversion (in shares)     8,767,333            
Temporary Equity, Convertible preferred stock conversion   $ (64,525)              
Temporary Equity, Convertible preferred stock conversion (in shares)   (13,151)              
Foreign currency translation adjustments (141)           (92) (92) (49)
Net income 9,935         7,532   7,532 2,403
Balance at Mar. 31, 2024 88,771   $ 85 133,199 3,098 (78,006) (1,736) 56,640 32,131
Balance (in shares) at Mar. 31, 2024     85,423,246            
Balance at Dec. 31, 2023 $ 13,949   $ 77 68,179 3,098 (85,538) (1,644) (15,828) 29,777
Balance (in shares) at Dec. 31, 2023     76,595,616            
Temporary Equity, Balance at Dec. 31, 2023   $ 64,525              
Temporary Equity, Balance (in shares) at Dec. 31, 2023   13,151              
Stock options exercised (in shares) 406,577                
Net income $ 17,300                
Balance at Sep. 30, 2024 98,474   $ 85 134,296 3,098 (73,354) (946) 63,179 35,295
Balance (in shares) at Sep. 30, 2024     85,769,526            
Temporary Equity, Balance (in shares) at Sep. 30, 2024                
Balance at Mar. 31, 2024 88,771   $ 85 133,199 3,098 (78,006) (1,736) 56,640 32,131
Balance (in shares) at Mar. 31, 2024     85,423,246            
Stock-based compensation expense 16     16       16  
Stock options exercised 441     441       441  
Stock options exercised (in shares)     114,528            
Foreign currency translation adjustments (420)           (274) (274) (146)
Net income 4,538         3,528   3,528 1,010
Balance at Jun. 30, 2024 93,346   $ 85 133,656 3,098 (74,478) (2,010) 60,351 32,995
Balance (in shares) at Jun. 30, 2024     85,537,774            
Stock-based compensation expense 237     237       237  
Stock options exercised 374     374       374  
Stock options exercised (in shares)     231,752            
CVR Liability settlement 29     29       29  
Foreign currency translation adjustments 1,632           1,064 1,064 568
Net income 2,856         1,124   1,124 1,732
Balance at Sep. 30, 2024 $ 98,474   $ 85 $ 134,296 $ 3,098 $ (73,354) $ (946) $ 63,179 $ 35,295
Balance (in shares) at Sep. 30, 2024     85,769,526            
Temporary Equity, Balance (in shares) at Sep. 30, 2024