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PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
Prepaid Expense and Other Assets, Current [Abstract]  
Summary of prepaid expenses and other assets

Prepaid expenses and other currents assets consisted of the following:

 

As of December 31,

 

 

2022

 

 

2023

 

 

US$

 

 

US$

 

Prepaid data and IT service expenses

 

 

1,810,778

 

 

 

2,741,338

 

IPO distribution service and promotional and advertisement service receivables

 

 

2,518,877

 

 

 

2,707,740

 

Advances to employees

 

 

1,756,262

 

 

 

2,190,106

 

Prepaid income tax

 

 

1,547,355

 

 

 

2,178,658

 

Wealth management service fees receivables

 

 

1,694,339

 

 

 

1,823,331

 

Prepaid professional service fees

 

 

740,171

 

 

 

1,008,341

 

Rental and other deposits

 

 

784,871

 

 

 

611,140

 

Interest receivables from term deposits

 

 

45,172

 

 

 

611,083

 

Input VAT receivables

 

 

289,560

 

 

 

569,813

 

Prepaid marketing expenses

 

 

805,230

 

 

 

552,565

 

Others

 

 

970,760

 

 

 

2,942,065

 

Total

 

 

12,963,375

 

 

 

17,936,180