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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            
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            
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            
Issuance of common stock 509     509       509  
Issuance of common stock (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            
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 options exercised (in shares) 1,972,548                
Net income $ 11,200                
Balance at Sep. 30, 2025 137,415   $ 91 167,134 3,098 (66,703) (1,700) 101,920 35,495
Balance (in shares) at Sep. 30, 2025     90,890,381            
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            
Stock-based compensation expense 906     906       906  
Stock options exercised 1,032   $ 1 1,031       1,032  
Stock options exercised (in shares)     631,064            
Issuance of common stock 23,000   $ 3 22,997       23,000  
Issuance of common stock (in shares)     2,555,555            
Stock insurance cost (1,676)     (1,676)       (1,676)  
Foreign currency translation adjustments 303           199 199 104
Net income 1,576         442   442 1,134
Balance at Jun. 30, 2025 129,443   $ 91 161,437 3,098 (70,313) (2,287) 92,026 37,417
Balance (in shares) at Jun. 30, 2025     90,822,828            
Stock-based compensation expense 1,147     1,147       1,147  
Stock options exercised 50     50       50  
Stock options exercised (in shares)     67,553            
Deferred offering costs amortization (3)     (3)       (3)  
Foreign currency translation adjustments 842           587 587 255
Capital injection in a subsidiary       4,503       4,503 (4,503)
Net income 5,936         3,610   3,610 2,326
Balance at Sep. 30, 2025 $ 137,415   $ 91 $ 167,134 $ 3,098 $ (66,703) $ (1,700) $ 101,920 $ 35,495
Balance (in shares) at Sep. 30, 2025     90,890,381