PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2023

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,
	2022			2023
	US$			US$
Electronic Equipment		6,897,897			7,809,971
Office Equipment		798,279			873,192
Leasehold improvement		1,748,345			1,657,837
Software		1,346,872			1,379,299
Less: accumulated depreciation		(4,481,910	)		(6,525,834	)
Property and equipment, net		6,309,483			5,194,465
Licenses		10,004,563			10,004,563
Trademark		118,524			115,140
Trading right		128,180			128,026
Others		—			1,057,434
Less: accumulated amortization		(56,685	)		(70,085	)
Intangible assets, net		10,194,582			11,235,078
Total		16,504,065			16,429,543

Depreciation expenses for the years ended December 31, 2021, 2022 and 2023 were US$1,322,236, US$2,733,684 and US$2,823,534, respectively.

Amortization expenses for the years ended December 31, 2021, 2022 and 2023 were US$16,732, US$15,460 and US$15,018, 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$
2024		15,018
2025		15,018
2026		15,018
2027		—
2028		—
Total		45,054