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PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2022
Property Equipment And Intangible Assets [Abstract]  
Summary of 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

 

Summary of Estimated Amortization Expenses for Intangible Assets

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