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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 15,045 $ 11,813
Short-term bank deposits 14,846 14,858
Notes receivable 2,138 4,373
Accounts receivables, net 20,150 19,589
Inventories, net 7,878 6,337
Prepaid assets and other current assets 8,161 2,625
Total current assets 68,448 64,786
Property and equipment, net 23,518 23,880
Intangible assets, net 5,083 273
Deferred tax assets 5,818 5,619
Long-term certificates of deposit 21,367 24,568
Other assets, noncurrent 5,556 6,280
Total assets 129,790 125,406
Current liabilities:    
Accounts payable 122 108
Contract liabilities 28 61
Due to related parties 228 227
Accrued expenses and other current liabilities 17,239 10,615
Income tax payable 569 2,831
Operating lease liabilities, current 805 713
CVR derivative liability 0 4,961
Total current liabilities 18,991 19,516
Operating lease liabilities, noncurrent 780 885
Deferred government grants 905 928
Warrant liability, noncurrent 3,413 5,668
Other noncurrent liabilities 1,399 7
Total liabilities 25,488 27,004
Commitments and Contingencies (Note 12)
Stockholders' equity:    
Common stock, $0.001 par value, 400,000,000 shares authorized; 87,636,209 shares and 86,307,544 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 87 86
Additional paid-in capital 138,179 136,185
Statutory reserve 3,098 3,098
Accumulated deficit (70,755) (73,453)
Accumulated other comprehensive loss (2,486) (2,597)
Total Gyre stockholders' equity 68,123 63,319
Noncontrolling interest 36,179 35,083
Total equity 104,302 98,402
Total liabilities and stockholders' equity 129,790 125,406
GC Biopharma Corp    
Current assets:    
Receivable from GCBP 0 4,961
GNI    
Current assets:    
Other receivables from GNI $ 230 $ 230