PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2022

Property Equipment And Intangible Assets [Abstract]

PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET

4.PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET

Property, equipment and intangible assets, net, consisted of the following:

	As of December 31,
	2021			2022
	US$			US$
Electronic Equipment		6,292,614			6,897,897
Office Equipment		391,223			798,279
Leasehold improvement		752,194			1,748,345
Software		367,853			1,346,872
Less: accumulated depreciation		(2,661,241	)		(4,481,910	)
Property and equipment, net		5,142,643			6,309,483
Licenses		8,677,136			10,004,563
Trademark		128,281			118,524
Trading right		128,212			128,180
Less: accumulated amortization		(44,620	)		(56,685	)
Intangible assets, net		8,889,009			10,194,582
Total		14,031,652			16,504,065

Depreciation and amortization expenses for the years ended December 31, 2020, 2021 and 2022 were US$928,414, US$1,338,968 and US$2,749,144, respectively.

The estimated amortization expenses for the above intangible assets for future years are as follows:

Years ending December 31,	Amortization for Intangible Assets
	US$
2023		15,460
2024		15,460
2025		15,460
2026		15,460
Total		61,840