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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2025
SHAREHOLDERS' EQUITY  
Schedule of company's ordinary shares on a retroactively adjusted basis

The table below presents the Company’s ordinary shares on a retroactively adjusted basis, reflecting the 25:1 share consolidation and the subsequent 35:1 share consolidation.

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Amount of

  ​ ​ ​

Additional

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Original

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Further

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Ordinary

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Paid in

Reconciliation of Ordinary Shares

​

Shares

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25:1

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35:1

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Shares

​

Capital

Consolidated Opening balance at December 31, 2023

 

11,675,216

 

467,009

 

13,344

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$

11,675

​

$

6,845,394

Share-based compensation - Scholar May 14, 2024

 

23,360

 

935

 

27

​

 

23

​

 

24,738

Share-based compensation - Employee May 31, 2024

 

889,960

 

35,599

 

1,016

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890

​

 

1,129,359

Share-based compensation - executive officers May 31, 2024

 

285,960

 

11,439

 

328

​

 

286

​

 

362,883

Scholar - 08/26/2024

 

23,360

 

935

 

27

​

 

24

​

 

26,140

Private Place 09/18/2024

 

2,722,224

 

108,889

 

3,112

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2,722

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403,953

B Warrants exercised - 10/31/2024

 

8,557,554

 

342,303

 

9,781

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8,558

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765,771

A Warrants exercised

 

—

 

—

 

—

​

 

—

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223,361

A Warrants exercised - 11/17/2024

 

1,038,889

 

41,556

 

1,188

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1,039

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89,397

Adjustment for share consolidation

 

—

 

—

 

—

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3

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(3)

Outstanding shares at 12/31/2024

 

25,216,523

 

1,008,665

 

28,823

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25,220

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9,870,993

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A Warrants exercised - Cash 02/03/2025

 

600,000

 

24,000

 

686

​

 

600

​

 

129,000

A Warrants exercised - Cash 02/05/2025

 

900,000

 

36,000

 

1,029

​

 

900

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193,500

1500000 A Warrants reclassified from liability per exercising

 

—

 

—

 

—

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—

​

 

126,180

Deconsolidation of VIE

 

—

 

—

 

—

​

 

—

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(2,572,437)

Adjustment for share consolidation

 

—

 

21

 

4

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4

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(4)

Outstanding shares at December 31, 2025

 

26,716,523

 

1,068,686

 

30,542

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26,724

​

 

7,747,232