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Income Taxes Expense

6 Months Ended

Jun. 30, 2021

Income Taxes Expense

Income Taxes Expense

10. Income Taxes Expense

The current and deferred portion of income tax expenses included in the consolidated statements of operations are as follows:


		For the six months ended June 30,
		2020		2021
		US$		US$
Current tax expenses		3,200		25
Deferred tax benefits		—		—
Total		3,200		25

The Group’s effective tax rates were nil for the six months ended June 30, 2020 and 2021, respectively.

The Group recorded a full valuation allowance against deferred tax assets of all its consolidated entities because all entities were in a cumulative loss position as of December 31, 2020 and June 30, 2021. No unrecognized tax benefits and related interest and penalties were recorded in any of the periods presented.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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