INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2025

INTANGIBLE ASSETS, NET

Schedule of intangible assets, net

	As of December 31,
	2025		2024
Trademark identified in reverse acquisition (1)	$	15,100	$	15,100
Technology identified in acquisition of Morning Star (Note 4) (2)		13,972		13,972
Customer relationship (3)		10,100		—
Software		70		68
Total		39,242		29,140
Less: Accumulated amortization		(12,235)		(8,427)
Less: Accumulated impairment loss		(16,946)		—
Intangible assets, net	$	10,061	$	20,713

(1) The trademark was identified in reverse acquisition of KAH with Haitaoche on June 25, 2021. The Group provided full impairment of $8,305 against the trademark. As of December 31, 2025, the trademark was $nil.

(2) The technology was identified in acquisition of Morning Star on August 23, 2023. The Group provided full impairment of $8,641 against the technology. As of December 31, 2025, the technology was $nil.

(3) The customer relationship was identified in acquisition of Zhejiang Ordinary Smile on December 1, 2025. As of December 31, 2025, the customer relationship had remaining useful life of 10 years.

Schedule of amortization amount of intangible asset

The following is a schedule, by fiscal years, of amortization amount of intangible asset as of December 31, 2025:

2026	$	2,027
2027		2,027
2028		2,027
2029		2,027
2030 and thereafter		1,953
Total	$	10,061