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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, 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, 2024 98,402   $ 86 136,185 3,098 (73,453) (2,597) 63,319 35,083
Balance (in shares) at Dec. 31, 2024     86,307,544            
Stock-based compensation expense 507     507       507  
Stock options exercised $ 956   $ 1 955       956  
Stock options exercised (in shares) 1,273,931   1,273,931            
Issuance of Common Stock in ATM program $ 509     509       509  
Issuance of Common Stock in ATM program (in shares)     54,734            
CVR liability settlement 25     25       25  
Deferred Offering Costs Amortization (2)     (2)       (2)  
Foreign currency translation adjustments 171           111 111 60
Net income 3,734         2,698   2,698 1,036
Balance at Mar. 31, 2025 $ 104,302   $ 87 $ 138,179 $ 3,098 $ (70,755) $ (2,486) $ 68,123 $ 36,179
Balance (in shares) at Mar. 31, 2025     87,636,209