Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 102

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 102
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                  4,091  
  Lease liabilities                                                                                                                                                 5                     34  
  Total non-current liability                                                                                                                                       5                     34  
  Total Liabilities                                                                                                                                             4,275                  4,125  
  Commitments and contingencies                                                                                                                                     -                      -  
  Shareholders’ equity:                                                                                                                                                                       
  Class A Ordinary Share, $ 0.008 par value, 1,000,000,000 shares authorized; 449,500 and 87,500 shares issued and outstanding, respectively 1                      4                      1  
  Class B Ordinary Share, $ 0.008 par value, 250,000,000 shares authorized; 45,000 shares issued and outstanding 1                                                  *                      *  
  Additional paid-in capital                                                                                                                                   33,355                 14,893  
  Statutory surplus reserves                                                                                                                                    1,737                  1,737  
  Retained earnings                                                                                                                                            42,083                 48,222  
  Accumulated other comprehensive loss                                                                                                                        ( 3,997                ( 3,433  
  Total Lichen International Limited’s shareholders’ equity                                                                                                    73,182                 61,420  
  Non-controlling interest                                                                                                                                      2,383                      -  
  Total shareholders’ equity                                                                                                                                   75,565                 61,420  
  Total liabilities and shareholders’ equity                                                                                                        $          79,840      $          65,545  

  Represents amount less than $1,000.  

   1      On                                                                                                                                        

The accompanying notes are an integral part
of these consolidated financial statements.

F-4

LICHEN INTERNATIONAL
LIMITED

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME

FOR THE YEARS ENDED DECEMBER 31, 2024, 2023
AND 2022

(All amounts in thousands
of USD, except for share and per share data, unless otherwise noted)

                                                                                    2024                    2023                    2022                
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenues                                                                                                                                              
  Financial and taxation solution services                                          $           34,293      $           31,772      $           26,278  
  Education support services                                                                     2,897                   3,730                   4,409  
  Software and maintenance services                                                              4,287                   4