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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of allowance for doubtful accounts

The table below presents the movement of allowance for doubtful accounts from customers for the year ended December 31, 2022 and 2023.

 

 

2022

 

 

2023

 

 

 

US$

 

 

US$

 

Balance as of January 1,

 

 

518,741

 

 

 

696,508

 

Additional/(Reversal)

 

 

302,634

 

 

 

294,778

 

Write-off

 

 

(124,867

)

 

 

 

Balance as of December 31,

 

 

696,508

 

 

 

991,286

 

Schedule of estimated useful lives of property, plant and equipment Depreciation is calculated on a straight‑line basis over the following estimated useful lives:

Electronic equipment

 

3 years

Office equipment

 

5-14.25 years

Software

 

3-5 years

Leasehold improvement

 

Shorter of the lease terms or the estimated useful lives of the assets